<SEC-DOCUMENT>0001387131-18-001363.txt : 20180402
<SEC-HEADER>0001387131-18-001363.hdr.sgml : 20180402
<ACCEPTANCE-DATETIME>20180402164657
ACCESSION NUMBER:		0001387131-18-001363
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		90
CONFORMED PERIOD OF REPORT:	20171231
FILED AS OF DATE:		20180402
DATE AS OF CHANGE:		20180402

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN REALTY INVESTORS INC
		CENTRAL INDEX KEY:			0001102238
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
		IRS NUMBER:				752847135
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15663
		FILM NUMBER:		18729618

	BUSINESS ADDRESS:	
		STREET 1:		1603 LBJ FREEWAY
		STREET 2:		SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		4695224200

	MAIL ADDRESS:	
		STREET 1:		1603 LBJ FREEWAY
		STREET 2:		SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>arl-10k_123117.htm
<DESCRIPTION>ANNUAL REPORT
<TEXT>
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        <font style="font-size: 14pt;"><b>UNITED STATES </b></font>
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        <font style="font-size: 14pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></font>
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        <font style="font-size: 12pt;"><b>WASHINGTON, D.C. 20549</b></font>
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        <font style="font-size: 18pt;"><b>FORM 10-K </b></font>
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                <font style="font-family: Times New Roman, Times, Serif; font-size: 12pt;"><b>&#x2612;</b></font>
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                <font style="font-family: Times New Roman, Times, Serif; font-size: 12pt;"><b>ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </b></font>
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        <font style="font-family: Times New Roman, Times, Serif;"><b>For the fiscal year ended December&nbsp;31, 2017 </b></font>
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        <font style="font-family: Times New Roman, Times, Serif;"><b>OR</b></font>
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                <font style="font-family: Times New Roman, Times, Serif; font-size: 12pt;"><b>&#x2610;</b></font>
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            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 12pt;"><b>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 </b></font>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;
        <font style="font-family: Times New Roman, Times, Serif;"><b>Commission File Number 001-15663</b></font>&nbsp;</p>
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        <div style="border-top: Black 1pt solid; width: 20%; font-size: 1pt;">&nbsp;</div>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;
        <font style="font-family: Times New Roman, Times, Serif; font-size: 24pt;"><b>American Realty Investors, Inc. </b></font>
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>(Exact name of registrant as specified in its charter) </b></font>
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                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Nevada</b></font>
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            <td style="width: 50%; text-align: center; font: 10pt Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>75-2847135</b></font>
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                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
                    <font style="font-family: Times New Roman, Times, Serif;"><b>(State or other jurisdiction of</b></font>
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                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
                    <font style="font-family: Times New Roman, Times, Serif;"><b>Incorporation or organization)</b></font>
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            </td>
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                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
                    <font style="font-family: Times New Roman, Times, Serif;"><b>(IRS Employer</b></font>
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                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
                    <font style="font-family: Times New Roman, Times, Serif;"><b>Identification Number)</b></font>
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                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
                    <font style="font-family: Times New Roman, Times, Serif;"><b>1603 LBJ Freeway, Suite 300</b></font>
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                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
                    <font style="font-family: Times New Roman, Times, Serif;"><b>Dallas, Texas</b></font>
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            <td style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>75234</b></font>
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            <td style="text-align: center; font: 10pt Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>(Address of principal executive offices)</b></font>
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            <td style="text-align: center; font: 10pt Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>(Zip Code)</b></font>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;
        <font style="font-family: Times New Roman, Times, Serif;"><b>(469)&nbsp;522-4200</b>&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>Registrant&#x2019;s Telephone Number, including area code </b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>Securities registered pursuant to Section&nbsp;12(b) of the Act: </b></font>
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            <td style="width: 50%; text-align: center; font: 10pt Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><i>Title of Each Class</i></font>
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            <td style="width: 50%; text-align: center; font: 10pt Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><i>Name of each exchange on which registered</i></font>
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                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Common Stock, $0.01 par value</font>
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            <td style="text-align: center; font: 10pt Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">New York Stock Exchange</font>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>Securities registered pursuant to Section&nbsp;12(g) of the Act: </b></font>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">NONE</font>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes &#x2610;&nbsp;&nbsp;&nbsp;&nbsp;No &#x2612;</font>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">Indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Act. Yes &#x2610;&nbsp;&nbsp;&nbsp;&nbsp;No &#x2612;</font>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements for the past 90 days.&nbsp;&nbsp;&nbsp;&nbsp;Yes &#x2612;&nbsp;&nbsp;&nbsp;&nbsp;No &#x2610;</font>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulations S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).&nbsp;&nbsp;&nbsp;&nbsp;Yes &#x2612;&nbsp;&nbsp;&nbsp;&nbsp;No &#x2610;</font>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">Indicate by check mark if disclosure of delinquent filers pursuant to Item&nbsp;405 of Regulation S-K (&#xA7;229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant&#x2019;s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.&nbsp;&nbsp;&#x2612;</font>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of &#x201C;large accelerated filer&#x201D;, &#x201C;accelerated filer&#x201D; and &#x201C;smaller reporting company&#x201D; in Rule 12b-2 of the Exchange Act.</font>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <table style="margin-left: 0.25in; width: 90%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
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            <td style="width: 73%; vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Large accelerated filer&nbsp;&nbsp;&#x2610;</b></font>
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            <td style="width: 27%; vertical-align: bottom; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Accelerated&nbsp;filer&nbsp;&nbsp;&#x2610;</b></font>
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            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Non-accelerated filer&nbsp;&nbsp; &#x2610; (Do not check if smaller reporting&nbsp;company)</b></font>
            </td>
            <td style="vertical-align: bottom; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Smaller&nbsp;reporting&nbsp;company&nbsp;&nbsp; </b>&#x2612;</font>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="vertical-align: bottom; text-align: justify; font-family: Times New Roman,serif;"><b>Emerging growth Company&nbsp;&nbsp;&#x2610;</b></td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&#x2610;</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes &#x2610;&nbsp;&nbsp;&nbsp;&nbsp;No &#x2612; 5</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">The aggregate market value of the shares of voting and non-voting common equity held by non-affiliates of the Registrant, computed by reference to the closing price at which the common equity was last sold which was the sales price of the Common stock on the New&nbsp;York Stock Exchange as of December 31, 2017 (the last business day of the Registrant&#x2019;s most recently completed second fiscal quarter) was $9,793,299 based upon a total of 2,019,327 shares held as of December 31, 2017 by persons believed to be non-affiliates of the Registrant. The basis of the calculation does not constitute a determination by the Registrant as defined in Rule 405 of the Securities Act of 1933, as amended, such calculation, if made as of a date within sixty days of this filing, would yield a different value.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">As of March 30, 2018, there were 15,997,076 shares of common stock outstanding.</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>Documents Incorporated By Reference: </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">Consolidated Financial Statements of Income Opportunity Realty Investors, Inc.; Commission File No.&nbsp;001-14784</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">Consolidated Financial Statements of Transcontinental Realty Investors, Inc.; Commission File No.&nbsp;001-09240</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <div align="LEFT">
        <div style="border-bottom: Black 4pt solid; border-top: Black 1pt solid; width: 100%; font-size: 1pt;">&nbsp;</div>
    </div>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 0.25in; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>INDEX TO </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>ANNUAL REPORT ON FORM 10-K </b></p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 10%; text-align: left;">&nbsp;</td>
            <td style="width: 82%; text-align: left;">&nbsp;</td>
            <td style="width: 3%; text-align: left;">&nbsp;</td>
            <td style="width: 5%; text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="padding-bottom: 1pt; text-align: center;" colspan="2">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;">
                <font style="font-size: 10pt;"><b>Page</b></font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">
                <a href="#arl10ka001">
                    <font style="font-size: 10pt;"><b>PART I</b></font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka002">
                    <font style="font-size: 10pt;">Item 1.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka002">
                    <font style="font-size: 10pt;">Business</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">3</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka003">
                    <font style="font-size: 10pt;">Item&nbsp;1A.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka003">
                    <font style="font-size: 10pt;">Risk Factors</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">9</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka004">
                    <font style="font-size: 10pt;">Item 1B.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka004">
                    <font style="font-size: 10pt;">Unresolved Staff Comments</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">13</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka005">
                    <font style="font-size: 10pt;">Item 2.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka005">
                    <font style="font-size: 10pt;">Properties</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">14</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka006">
                    <font style="font-size: 10pt;">Item 3.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka006">
                    <font style="font-size: 10pt;">Legal Proceedings</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">17</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka007">
                    <font style="font-size: 10pt;">Item 4.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka007">
                    <font style="font-size: 10pt;">Mine Safety Disclosures</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">18</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">
                <a href="#arl10ka008">
                    <font style="font-size: 10pt;"><b>PART II</b></font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka009">
                    <font style="font-size: 10pt;">Item 5.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka009">
                    <font style="font-size: 10pt;">Market for Registrant&#x2019;s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">19</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka010">
                    <font style="font-size: 10pt;">Item 6.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka010">
                    <font style="font-size: 10pt;">Selected Financial Data</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">20</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka011">
                    <font style="font-size: 10pt;">Item 7.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka011">
                    <font style="font-size: 10pt;">Management&#x2019;s Discussion and Analysis of Financial Condition and Results of Operations</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">21</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka012">
                    <font style="font-size: 10pt;">Item 7A.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka012">
                    <font style="font-size: 10pt;">Quantitative and Qualitative Disclosures About Market Risk</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">31</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka013">
                    <font style="font-size: 10pt;">Item 8.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka013">
                    <font style="font-size: 10pt;">Consolidated Financial Statements and Supplementary Data</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">33</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka014">
                    <font style="font-size: 10pt;">Item 9.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka014">
                    <font style="font-size: 10pt;">Changes in and Disagreements with Accountants on Accounting and Financial Disclosure</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">70</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka015">
                    <font style="font-size: 10pt;">Item&nbsp;9A.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka015">
                    <font style="font-size: 10pt;">Controls and Procedures</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">70</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka016">
                    <font style="font-size: 10pt;">Item 9B.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka016">
                    <font style="font-size: 10pt;">Other Information</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">70</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">
                <a href="#arl10ka017">
                    <font style="font-size: 10pt;"><b>PART III</b></font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka018">
                    <font style="font-size: 10pt;">Item 10.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka018">
                    <font style="font-size: 10pt;">Directors, Executive Officers and Corporate Governance</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">71</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka019">
                    <font style="font-size: 10pt;">Item 11.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka019">
                    <font style="font-size: 10pt;">Executive Compensation</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">77</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka020">
                    <font style="font-size: 10pt;">Item 12.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka020">
                    <font style="font-size: 10pt;">Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">78</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka021">
                    <font style="font-size: 10pt;">Item 13.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka021">
                    <font style="font-size: 10pt;">Certain Relationships and Related Transactions, and Director Independence</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">80</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka022">
                    <font style="font-size: 10pt;">Item 14.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka022">
                    <font style="font-size: 10pt;">Principal Accounting Fees and Services</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">82</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">
                <a href="#arl10ka023">
                    <font style="font-size: 10pt;"><b>PART IV</b></font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;" colspan="2">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka024">
                    <font style="font-size: 10pt;">Item 15.</font>
                </a>
            </td>
            <td style="text-align: left;">
                <a href="#arl10ka024">
                    <font style="font-size: 10pt;">Exhibits, Financial Statement Schedules</font>
                </a>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">84</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: left;">
                <a href="#arl10ka025">
                    <font style="font-size: 10pt;">Signature Page</font>
                </a>
            </td>
            <td style="text-align: left;"></td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">86</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>&nbsp;</b></p>
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            &nbsp;</p>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>&nbsp;</b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>FORWARD-LOOKING STATEMENTS </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Certain Statements in this Form 10-K are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section&nbsp;27A of the Securities Act of 1933, and Section&nbsp;21E of the Securities Exchange Act of 1934. The words &#x201C;estimate,&#x201D; &#x201C;plan,&#x201D; &#x201C;intend,&#x201D; &#x201C;expect,&#x201D; &#x201C;anticipate,&#x201D; &#x201C;believe,&#x201D; and similar expressions are intended to identify forward-looking statements. The forward-looking statements are found at various places throughout this Report and in the documents incorporated herein by reference. The Company disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved. Important factors that could cause our actual results to differ from estimates or projections contained in any forward-looking statements are described in Part I, Item&nbsp;1A. &#x201C;Risk Factors&#x201D;. </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><a name="arl10ka001"></a><b>PART I </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 10%;"><b>ITEM&nbsp;1.</b></td>
            <td style="width: 90%; text-align: justify;"><a name="arl10ka002"></a><b><i>BUSINESS </i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>General </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">As used herein, the terms &#x201C;ARL,&#x201D; &#x201C;the Company,&#x201D; &#x201C;We,&#x201D; &#x201C;Our,&#x201D; or &#x201C;Us&#x201D; refer to American Realty Investors, Inc., a Nevada corporation, which was formed in 1999.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company is headquartered in Dallas, Texas and its common stock is listed and trades on the New York Stock Exchange (&#x201C;NYSE&#x201D;) under the symbol &#x201C;ARL&#x201D;. Over 80% of ARL&#x2019;s stock is owned by related parties. ARL and a subsidiary own approximately 77.68% of the outstanding shares of common stock of Transcontinental Realty Investors, Inc. (&#x201C;TCI&#x201D;), a Nevada corporation, which has its common stock listed and traded on the NYSE under the symbol &#x201C;TCI&#x201D;. TCI&#x2019;s financial results are consolidated with those of ARL. In 2012, May Realty Holdings, Inc. (&#x201C;MRHI&#x201D;) subsidiaries acquired more than 80% of ARL stock and as a result, ARL is included in the MRHI consolidated group for federal income tax reporting. We have no employees.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">TCI owns approximately 81.25% of the common stock of Income Opportunity Realty Investors, Inc. (&#x201C;IOR&#x201D;). IOR&#x2019;s financial results are consolidated with those of TCI and its subsidiaries.&nbsp; Shares of IOR are listed and traded on the NYSE American under the symbol &#x201C;IOR&#x201D;.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL&#x2019;s Board of Directors are responsible for directing the overall affairs of ARL and for setting the strategic policies that guide the Company. As of April 30, 2011, the Board of Directors delegated the day-to-day management of the Company to Pillar Income Asset Management, Inc. (&#x201C;Pillar&#x201D;), a Nevada corporation, under a written Advisory Agreement that is reviewed annually by ARL&#x2019;s Board of Directors. The directors of ARL are also directors of TCI and IOR. The Chairman of the Board of Directors of ARL also serves as the Chairman of the Board of Directors of TCI and IOR. The officers of ARL also serve as officers of TCI, IOR and Pillar.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Pillar, the sole shareholder of which is Realty Advisors, LLC, a Nevada limited liability company, the sole member of which is Realty Advisors, Inc. (&#x201C;RAI&#x201D;), a Nevada corporation, the sole shareholder of which is May Realty Holdings, Inc. (&#x201C;MRHI&#x201D;), a Nevada corporation, the sole shareholder of which is a trust known as the May Trust, became the Company&#x2019;s external Advisor and Cash Manager.&nbsp; Pillar&#x2019;s duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities. Pillar also arranges, for the Company&#x2019;s benefit, debt and equity financing with third party lenders and investors. Pillar also serves as an Advisor and Cash Manager to TCI and IOR.&nbsp; As the contractual advisor, Pillar is compensated by ARL under an Advisory Agreement that is more fully described in Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; The Advisor&#x201D;.&nbsp; ARL has no employees. Employees of Pillar render services to ARL in accordance with the terms of the Advisory Agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Regis Realty Prime, LLC, dba Regis Property Management, LLC (&#x201C;Regis&#x201D;), manages our commercial properties and provides brokerage services. Regis receives property management fees, construction management fees and leasing commissions in accordance with the terms of its property-level management agreement. Regis is also entitled to receive real estate brokerage commissions in accordance with the terms of a non-exclusive brokerage agreement. See Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; Property Management and Real Estate Brokerage&#x201D;. &nbsp;ARL engages third-party companies to lease and manage its apartment properties.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Southern Properties Capital Ltd. a British Virgin Island corporation (&#x201C;Southern&#x201D;), is a wholly owned subsidiary of TCI that was incorporated on August 16, 2016 for the purpose of raising funds by issuing debentures that cannot be converted into shares on the Tel-Aviv Stock Exchange(&#x201C;TASE&#x201D;) . Southern operates in the United States and is primarily involved in investing in, developing, constructing and operating income-producing properties of multi-family residential real estate assets. Southern is included in the consolidated financial statements of TCI.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">On January 1, 2012, the Company&#x2019;s subsidiary, TCI, entered into a development agreement with Unified Housing Foundation, Inc. (&#x201C;UHF&#x201D;) a non-profit corporation that provides management services for the development of residential apartment projects in the future. This development agreement was terminated December 31, 2013. The Company has also invested in surplus cash notes receivables from UHF and has sold several residential apartment properties to UHF in prior years. Due to this ongoing relationship and the significant investment in the performance of the collateral secured under the notes receivable, UHF has been determined to be a related party.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL through subsidiaries invests in real estate through direct ownership, leases, and partnerships and also invests in mortgage loans on real estate. Our primary business is the acquisition, development and ownership of income-producing residential and commercial real estate. In addition, we opportunistically acquire land for future development in in-fill or high-growth suburban markets. From time to time and when we believe it appropriate to do so, we will also sell land and income-producing properties. We generate revenues by leasing apartment units to residents; and by leasing office, industrial and retail space to various for-profit businesses as well as certain local, state and federal agencies.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <!-- Field: Page; ;  ; Value:  2; Sequence:  3; -->
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            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->3
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            &nbsp;</p>
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        <p style="margin: 0pt">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">At December&nbsp;31, 2017, our income-producing properties (most of which were owned by subsidiaries of TCI) consisted of:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 18pt;">&#x25CF;</td>
            <td style="text-align: justify;">Seven commercial properties consisting of five office buildings and two retail properties comprising in aggregate of approximately 1.7 million square feet;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 18pt;">&#x25CF;</td>
            <td style="text-align: justify;">A golf course comprising approximately 96.09 acres; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">Fifty one residential apartment communities comprising 8,427 units, excluding apartments being developed.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following table sets forth the location of our real estate held for investment (income-producing properties only) by asset type as of December&nbsp;31, 2017:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 60%; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="6">Apartments</td>
            <td style="font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="6">Commercial</td>
            <td style="font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt; font-weight: bold;">Location</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2">No.</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2">Units</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2">No.</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt;" colspan="2"><b>SF</b></td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; width: 20%; text-align: left; text-indent: -9pt; font-size: 10pt;">Alabama</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 7%; text-align: right; font-size: 10pt;">1</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 7%; text-align: right; font-size: 10pt;">168</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 7%; text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 7%; text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Arkansas</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">5</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">938</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Colorado</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">260</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Florida</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">3</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">198</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">1</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">6,722</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Georgia</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">1</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">222</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Louisiana</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">384</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Mississippi</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">9</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">924</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">North Carolina</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">1</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">201</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Tennessee</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">4</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">708</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Texas-Greater Dallas-Ft Worth</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">11</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">1,962</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">4</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">1,473,634</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Texas-Greater Houston</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">416</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">1</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">95,329</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Texas-San Antonio</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">468</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Texas-Other</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">8</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">1,578</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt;">Wisconsin</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;"></td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;"></td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;"></td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">1</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;"></td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">122,205</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; padding-left: 9pt; text-align: left; text-indent: -9pt; font-size: 10pt; font-weight: bold;">Total</td>
            <td style="padding-bottom: 2pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-size: 10pt; font-weight: bold;">51</td>
            <td style="padding-bottom: 2pt; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-size: 10pt; font-weight: bold;">8,427</td>
            <td style="padding-bottom: 2pt; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-size: 10pt; font-weight: bold;">7</td>
            <td style="padding-bottom: 2pt; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-size: 10pt; font-weight: bold;">1,697,890</td>
            <td style="padding-bottom: 2pt; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We finance our acquisitions primarily through operating cash flow, proceeds from the sale of land and income-producing properties and debt financing primarily in the form of property-specific, first-lien mortgage loans from commercial banks and institutional lenders. We finance our development projects principally with short-term, variable-rate construction loans that are refinanced with the proceeds of long-term, fixed-rate amortizing mortgages when the development has been completed and occupancy has been stabilized. When we sell properties, we may carry a portion of the sales price generally in the form of a short-term, interest bearing seller-financed note receivable, secured by the property being sold. We may also from time to time enter into partnerships or joint ventures with various investors to acquire land or income-producing properties or to sell interests in some of our properties.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We join with various third-party development companies to construct residential apartment communities. At December 31, 2017, we have fourteen apartment projects in development. The third-party developer typically holds a general partner as well as a limited partner interest in a limited partnership formed for the purpose of building a single property while we generally take a limited partner interest in the limited partnership. We may contribute land to the partnership as part of our equity contribution or we may contribute the necessary funds to the partnership to acquire the land. We are required to fund all required equity contributions while the third-party developer is responsible for obtaining construction financing, hiring a general contractor and for the overall management, successful completion and delivery of the project. We generally bear all the economic risks and rewards of ownership in these partnerships and therefore include these partnerships in our consolidated financial statements. The third-party developer is paid a developer fee typically equal to a percentage of the construction costs. When the project reaches stabilized occupancy, we acquire the third-party developer&#x2019;s partnership interests in exchange for any remaining unpaid developer fees.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">At December 31, 2017, our apartment projects in development included (dollars in thousands):</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-left: 1in; width: 75%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: center; text-indent: -9pt; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td nowrap style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">Total</td>
            <td style="font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: center; text-indent: -9pt; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td nowrap style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">Projected</td>
            <td style="font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td nowrap style="border-bottom: Black 1pt solid; padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">Property</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td nowrap style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">Location</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">No. of Units</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-style: normal; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-style: normal; font-weight: bold;" colspan="2">Costs to Date
                <font style="font-family: Times New Roman, serif; font-size: 10pt; font-style: normal;"><b><sup>(1)</sup></b></font>
            </td>
            <td style="padding-bottom: 1pt; font-style: normal; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-style: normal; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-style: normal; font-weight: bold;" colspan="2">Costs
                <font style="font-family: Times New Roman, serif; font-size: 10pt; font-style: normal;"><b><sup>(1)</sup></b></font>
            </td>
            <td style="padding-bottom: 1pt; font-style: normal; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; width: 17%; text-align: left; text-indent: -9pt;">Terra Lago</td>
            <td style="width: 1%;">&nbsp;</td>
            <td nowrap style="width: 15%; text-align: center;">Rowlett, TX</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 12%; text-align: right;">447</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 12%; text-align: right;">42,136</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">66,375</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Parc at Bentonville</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Bentonville, AR</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">216</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">85</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">27,710</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Lakeside Lofts</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">494</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">5,079</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">78,550</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Eagle Crossing</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Dallas, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">153</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">81</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">20,670</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Parc at Garland</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Garland, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">198</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">81</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">26,007</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Parc at Wylie</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Wylie, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">198</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">195</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">28,212</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Apalache Point</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Tallahassee, FL</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">200</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">149</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">30,251</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Overlook at Allensville Square II</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Sevierville, TN</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">144</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">525</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">20,244</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">McKinney Point</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">McKinney, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">198</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">137</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">29,846</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Dominion at Mercer Crossing</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">256</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">2,995</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">46,115</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Abode Red Rock Properties</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Las Vegas, NV</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">308</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">28,095</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">58,880</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Oak Hollow Phase II</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Seguin, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">96</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">5,535</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">10,723</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Sawgrass Phase II</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">New Point Richey, FL</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">80</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">3,772</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">20,719</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Forest Pines</td>
            <td>&nbsp;</td>
            <td nowrap style="text-align: center;">Bryan, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">240</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">269</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">31,535</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td nowrap style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-bottom: 2.5pt; padding-left: 9pt; text-indent: -9pt;">Total</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td nowrap style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">3,228</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">89,134</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">495,837</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">(1) Costs include construction hard costs, construction soft costs and loan borrowing costs.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We have made investments in a number of large tracts of undeveloped and partially developed land and intend to a) continue to improve these tracts of land for our own development purposes or b) make the improvements necessary to ready the land for sale to other developers.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">At December&nbsp;31, 2017, our investments in undeveloped and partially developed land consisted of the following (dollars in thousands):&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 90%; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;">Location</td>
            <td style="text-align: center; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;">Acquired</td>
            <td style="text-align: center; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2">Acres</td>
            <td style="text-align: center; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2">Cost</td>
            <td style="text-align: center; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td nowrap style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;">Intended Use</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;" colspan="2">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;" colspan="2">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 36%; text-align: left; font-size: 10pt;">McKinney, TX</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 13%; text-align: right; font-size: 10pt;">
                <font style="font-size: 10pt;">1997-2008</font>
            </td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 8%; text-align: right; font-size: 10pt;">10</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">$</td>
            <td style="width: 8%; text-align: right; font-size: 10pt;">613</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="width: 16%; text-align: center; font-size: 10pt;">Mixed use</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-size: 10pt;">Dallas, TX</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">
                <font style="font-size: 10pt;">1996-2013</font>
            </td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">165</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">13,674</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: center; font-size: 10pt;">Mixed use</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font-size: 10pt;">Kaufman County, TX</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2008</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">25</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2,547</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: center; font-size: 10pt;">Multi-family residential</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-size: 10pt;">Farmers Branch, TX</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2008</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">240</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">32,183</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: center; font-size: 10pt;">Mixed use</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font-size: 10pt;">
                <font style="font-size: 10pt;">Kaufman County, TX </font><sup>(1)</sup></td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2006</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">2,884</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">43,817</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: center; font-size: 10pt;">Mixed use</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-size: 10pt;">Various</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">
                <font style="font-size: 10pt;">1990-2008</font>
            </td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;"></td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">342</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">35,273</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: center; font-size: 10pt;">Various</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font-size: 10pt; font-weight: bold;">Total Land Holdings</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-size: 10pt; font-weight: bold;">3,666</td>
            <td style="text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-size: 10pt; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-size: 10pt; font-weight: bold;">128,107</td>
            <td style="text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><sup>(1) </sup>Windmill Farms Land was acquired by a subsidiary of ARL in 2006 and 2,900 acres were subsequently sold to TCI in 2011.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Significant Real Estate Acquisitions/Dispositions and Financings </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">A summary of some of the significant transactions for the year ended December&nbsp;31, 2017 are discussed below:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i><u>Purchases</u> </i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">During the year ended December 31, 2017, subsidiaries acquired one income-producing apartment property from third parties in the state of North Carolina, increasing the total number of units by 201, for a combined purchase price of $36.7 million. In addition, we acquired one land parcel for future development for a total purchase price of $5.04 million, adding 18.5 acres to the development portfolio.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i><u>Sales</u></i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">As of December 31, 2017, subsidiaries hold approximately 66.7 acres of land, at various locations that were sold to related parties in multiple transactions. These transactions are treated as &#x201C;subject to sales contract&#x201D; on the Consolidated Balance Sheets. Due to the related party nature of the transactions ARI has deferred the recording of the sales in accordance with ASC 360-20.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We continue to invest in the development of apartment projects. For the year ended December&nbsp;31, 2017, we have expended
        <font style="background-color: white;">$69.8</font> million related to the construction or predevelopment of various apartment complexes and capitalized
        <font style="background-color: white;">$2.4 </font>million of interest costs.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Business Plan and Investment Policy </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our business objective is to maximize long-term value for our stockholders by investing in residential and commercial real estate through the acquisition, development and ownership of apartments, commercial properties, and land. We intend to achieve this objective through acquiring and developing properties in multiple markets and operating as an industry-leading landlord. We believe this objective will provide the benefits of enhanced investment opportunities, economies of scale and risk diversification, both in terms of geographic market and real estate product type. We believe our objective will also result in continuing access to favorably priced debt and equity capital. In pursuing our business objective, we seek to achieve a combination of internal and external growth while maintaining a strong balance sheet and employing a strategy of financial flexibility. We maximize the value of our apartments and commercial properties by maintaining high occupancy levels while charging competitive rental rates, controlling costs and focusing on tenant retention. We also pursue attractive development opportunities either directly or in partnership with other investors.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">For our portfolio of commercial properties, we generate increased operating cash flow through annual contractual increases in rental rates under existing leases. We also seek to identify best practices within our industry and across our business units in order to enhance cost savings and gain operating efficiencies. We employ capital improvement and preventive maintenance programs specifically designed to reduce operating costs and increase the long-term value of our real estate investments.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We seek to acquire properties consistent with our business objectives and strategies. We execute our acquisition strategy by purchasing properties which management believes will create stockholder value over the long-term. We will also sell properties when management believes value has been maximized or when a property is no longer considered an investment to be held long-term.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We are continuously in various stages of discussions and negotiations with respect to development, acquisition, and disposition projects. The consummation of any current or future development, acquisition, or disposition, if any, and the pace at which any may be completed cannot be assured or predicted.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Substantially all of our properties are owned by subsidiary companies, many of which are single-asset entities. This ownership structure permits greater access to financing for individual properties and permits flexibility in negotiating a sale of either the asset or the equity interests in the entity owning the asset. From time-to-time, our subsidiaries have invested in joint ventures with other investors, creating the possibility of risks that do not exist with properties solely owned by an ARL subsidiary. In those instances where other investors are involved, those other investors may have business, economic, or other objectives that are inconsistent with our objectives, which may in turn require us to make investment decisions different from those if we were the sole owner.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Real estate generally cannot be sold quickly. We may not be able to promptly dispose of properties in response to economic or other conditions. To offset this challenge, selective dispositions have been a part of our strategy to maintain an efficient investment portfolio and to provide additional sources of capital. We finance acquisitions through mortgages, internally generated funds, and, to a lesser extent, property sales. Those sources provide the bulk of funds for future acquisitions. We may purchase properties by assuming existing loans secured by the acquired property. When properties are acquired in such a manner, we customarily seek to refinance the asset in order to properly leverage the asset in a manner consistent with our investment objectives.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our businesses are not generally seasonal with regard to real estate investments. Our investment strategy seeks both current income and capital appreciation. Our plan of operation is to continue, to the extent our liquidity permits, to make equity investments in income-producing real estate such as apartments, and commercial properties. We may also invest in the debt or equity securities of real estate-related entities. We intend to pursue higher risk, higher reward investments, such as improved and unimproved land where we can obtain reasonably-priced financing for substantially all of a property&#x2019;s purchase price. We intend to continue the development of apartment properties in selected markets in Texas and in other locations where we believe adequate levels of demand exist. We intend to pursue sales opportunities for properties in stabilized real estate markets where we believe our properties&#x2019; value has been maximized. We also intend to be an opportunistic seller of properties in markets where demand exceeds current supply. Although we no longer actively seek to fund or purchase mortgage loans, we may, in selected instances, originate mortgage loans or we may provide purchase money financing in conjunction with a property sale.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our Board of Directors has broad authority under our governing documents to make all types of investments, and we may devote available resources to particular investments or types of investments without restriction on the amount or percentage of assets that may be allocated to a single investment or to any particular type of investment, and without limit on the percentage of securities of any one issuer that may be acquired. Investment objectives and policies may be changed at any time by the Board without stockholder approval.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The specific composition from time-to-time of our real estate portfolio owned by ARL directly and through our subsidiaries depends largely on the judgment of management to changing investment opportunities and the level of risk associated with specific investments or types of investments. We intend to maintain a real estate portfolio that is diversified by both location and type of property.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Competition </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The real estate business is highly competitive and we compete with numerous companies engaged in real estate activities (including certain entities described in Part III, Item&nbsp;13. &#x201C;Certain Relationships and Related Transactions, and Director Independence&#x201D;), some of which have greater financial resources than ARL. We believe that success against such competition is dependent upon the geographic location of a property, the performance of property-level managers in areas such as leasing and marketing, collection of rents and control of operating expenses, the amount of new construction in the area and the maintenance and appearance of the property. Additional competitive factors include ease of access to a property, the adequacy of related facilities such as parking and other amenities, and sensitivity to market conditions in determining rent levels. With respect to apartments, competition is also based upon the design and mix of the units and the ability to provide a community atmosphere for the residents. We believe that beyond general economic circumstances and trends, the degree to which properties are renovated or new properties are developed in the competing submarket are also competitive factors. See also Part I, Item&nbsp;1A. &#x201C;Risk Factors&#x201D;.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;To the extent that ARL seeks to sell any of its properties, the sales prices for the properties may be affected by competition from other real estate owners and financial institutions also attempting to sell properties in areas where ARL&#x2019;s properties are located, as well as aggressive buyers attempting to dominate or penetrate a particular market.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">As described above and in Part III, Item&nbsp;13. &#x201C;Certain Relationships and Related Transactions, and Director Independence,&#x201D; the officers and directors of ARL serve as officers and directors of TCI and IOR. TCI and IOR have business objectives similar to those of ARL. ARL&#x2019;s officers and directors owe fiduciary duties to both IOR and TCI as well as to ARL under applicable law. In determining whether a particular investment opportunity will be allocated to ARL, IOR, or TCI, management considers the respective investment objectives of each Company and the appropriateness of a particular investment in light of each Company&#x2019;s existing real estate and mortgage notes receivable portfolio. To the extent that any particular investment opportunity is appropriate to more than one of the entities, the investment opportunity may be allocated to the entity which has had funds available for investment for the longest period of time, or, if appropriate, the investment may be shared among all three or two of the entities.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In addition, as described in Part III, Item&nbsp;13. &#x201C;Certain Relationships and Related Transactions, and Director Independence,&#x201D; ARL competes with related parties of Pillar having similar investment objectives related to the acquisition, development, disposition, leasing and financing of real estate and real estate-related investments. In resolving any potential conflicts of interest which may arise, Pillar has informed ARL that it intends to exercise its best judgment as to what is fair and reasonable under the circumstances in accordance with applicable law.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We have historically engaged in and will continue to engage in certain business transactions with related parties, including but not limited to asset acquisitions and dispositions. Transactions involving related parties cannot be presumed to be carried out on an arm&#x2019;s length basis due to the absence of free market forces that naturally exist in business dealings between two or more unrelated entities. Related party transactions may not always be favorable to our business and may include terms, conditions and agreements that are not necessarily beneficial to or in the best interests of the Company.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Available Information </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL maintains an Internet site at <U>www.americanrealtyinvest.com</U>.
    Available through the website, free of charge, are Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports
    on Form 8-K, reports filed pursuant to Section&nbsp;16, and amendments to those reports, as soon as reasonably practicable
    after they are electronically filed or furnished to the Securities and Exchange Commission. In addition, we have posted the
    charters for the Audit Committee, Compensation Committee, and Governance and Nominating Committee, as well as the Code of
    Business Conduct and Ethics, Corporate Governance Guidelines on Director Independence, and other information on the website.
    These charters and principles are not incorporated in this report by reference. We will also provide a copy of these documents
    free of charge to stockholders upon written request. The Company issues Annual Reports containing audited financial statements
    to its common shareholders.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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        <tr style="vertical-align: top;">
            <td style="width: 0%;"></td>
            <td style="width: 55.05pt;"><b>ITEM&nbsp;1A.</b></td>
            <td style="text-align: justify;"><a name="arl10ka003"></a><b><i>RISK FACTORS </i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">An investment in our securities involves various risks. All investors should carefully consider the following risk factors in conjunction with the other information in this report before trading our securities.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Risk Factors Related to our Business </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Adverse events concerning our existing tenants or negative market conditions affecting our existing tenants could have an adverse impact on our ability to attract new tenants, release space, collect rent or renew leases, and thus could adversely affect cash flow from operations and inhibit growth. </i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Cash flow from operations depends in part on the ability to lease space to tenants on economically favorable terms. We could be adversely affected by various facts and events over which the Company has limited or no control, such as:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">lack of demand for space in areas where the properties are located;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">inability to retain existing tenants and attract new tenants;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">oversupply of or reduced demand for space and changes in market rental rates;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">defaults by tenants or failure to pay rent on a timely basis;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">the need to periodically renovate and repair marketable space;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">physical damage to properties;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">economic or physical decline of the areas where properties are located; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">potential risk of functional obsolescence of properties over time.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">At any time, any tenant may experience a downturn in its business that may weaken its financial condition. As a result, a tenant may delay lease commencement, fail to make rental payments when due, decline to extend a lease upon its expiration, become insolvent or declare bankruptcy. Any tenant bankruptcy or insolvency, leasing delay or failure to make rental payments when due could result in the termination of the tenant&#x2019;s lease and material losses to the Company.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">If tenants do not renew their leases as they expire, we may not be able to rent the space. Furthermore, leases that are renewed, and some new leases for space that is re-let, may have terms that are less economically favorable than expiring lease terms, or may require us to incur significant costs, such as renovations, tenant improvements or lease transaction costs. Any of these events could adversely affect cash flow from operations and our ability to make distributions to shareholders and service indebtedness. A significant portion of the costs of owning property, such as real estate taxes, insurance, and debt service payments, are not necessarily reduced when circumstances cause a decrease in rental income from the properties.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>We may not be able to compete successfully with other entities that operate in our industry. </i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We experience a great deal of competition in attracting tenants for the properties and in locating land to develop and properties to acquire.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In our effort to lease properties, we compete for tenants with a broad spectrum of other landlords in each of the markets. These competitors include, among others, publicly-held REITs, privately-held entities, individual property owners and tenants who wish to sublease their space. Some of these competitors may be able to offer prospective tenants more attractive financial terms than we are able to offer.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">If the availability of land or high quality properties in our markets diminishes, operating results could be adversely affected.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>We may experience increased operating costs which could adversely affect our financial results and the value of our properties</i></b><i>.</i></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our properties are subject to increases in operating expenses such as insurance, cleaning, electricity, heating, ventilation and air conditioning, administrative costs and other costs associated with security, landscaping, repairs, and maintenance of the properties. While some current tenants are obligated by their leases to reimburse us for a portion of these costs, there is no assurance that these tenants will make such payments or agree to pay these costs upon renewal or new tenants will agree to pay these costs. If operating expenses increase in our markets, we may not be able to increase rents or reimbursements in all of these markets to offset the increased expenses, without at the same time decreasing occupancy rates. If this occurs, our ability to make distributions to shareholders and service indebtedness could be adversely affected.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Our ability to achieve growth in operating income depends in part on its ability to develop additional properties</i></b><i>.</i></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We intend to continue to develop properties where warranted by market conditions. We have a number of ongoing development and land projects being readied for commencement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Additionally, general construction and development activities include the following risks:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">construction and leasing of a property may not be completed on schedule, which could result in increased expenses and construction costs, and would result in reduced profitability for that property;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">construction costs may exceed original estimates due to increases in interest rates and increased cost of materials, labor or other costs, possibly making the property less profitable because of inability to increase rents to compensate for the increase in construction costs;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">some developments may fail to achieve expectations, possibly making them less profitable;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">we may be unable to obtain, or face delays in obtaining, required zoning, land-use, building, occupancy, and other governmental permits and authorizations, which could result in increased costs and could require us to abandon our activities entirely with respect to a project;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">we may abandon development opportunities after the initial exploration, which may result in failure to recover costs already incurred. If we determine to alter or discontinue its development efforts, future costs of the investment may be expensed as incurred rather than capitalized and we may determine the investment is impaired resulting in a loss;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">we may expend funds on and devote management&#x2019;s time to projects which will not be completed; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">occupancy rates and rents at newly-completed properties may fluctuate depending on various factors including market and economic conditions, and may result in lower than projected rental rates and reduced income from operations.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>We face risks associated with property acquisitions</i></b><i>.</i></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We acquire individual properties and various portfolios of properties and intend to continue to do so. Acquisition activities are subject to the following risks:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">when we are able to locate a desired property, competition from other real estate investors may significantly increase the seller&#x2019;s offering price;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">acquired properties may fail to perform as expected;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">the actual costs of repositioning or redeveloping acquired properties may be higher than original estimates;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">acquired properties may be located in new markets where we face risks associated with an incomplete knowledge or understanding of the local market, a limited number of established business relationships in the area and a relative unfamiliarity with local governmental and permitting procedures; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">we may be unable to quickly and efficiently integrate new acquisitions, particularly acquisitions of portfolios of properties, into existing operations, and results of operations and financial condition could be adversely affected.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;We may acquire properties subject to liabilities and without any recourse, or with limited recourse, with respect to unknown liabilities. However, if an unknown liability was later asserted against the acquired properties, we might be required to pay substantial sums to settle it, which could adversely affect cash flow.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Many of our properties are concentrated in our primary markets and the Company may suffer economic harm as a result of adverse conditions in those markets.</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our properties are located principally in specific geographic areas in the southwestern, southeastern, and mid-western United States. The Company&#x2019;s overall performance is largely dependent on economic conditions in those regions.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>We are leveraged and may not be able to meet our debt service obligations.</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We had total indebtedness at
    December&nbsp;31, 2017 of approximately <FONT STYLE="background-color: white">$901.1 </FONT>million. Substantially all assets
    have been pledged to secure debt. These borrowings increase the risk of loss because they represent a prior claim on assets
    and most require fixed payments regardless of profitability. Our leveraged position makes us vulnerable to declines in the
    general economy and may limit the Company&#x2019;s ability to pursue other business opportunities in the future.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>We may not be able to access financial markets to obtain capital on a timely basis, or on acceptable terms.</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We rely on proceeds from property dispositions and third party capital sources for a portion of our capital needs, including capital for acquisitions and development. The public debt and equity markets are also among the sources upon which the Company relies. There is no guarantee that we will be able to access these markets or any other source of capital. The ability to access the public debt and equity markets depends on a variety of factors, including:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">general economic conditions affecting these markets;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">our own financial structure and performance;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">the market&#x2019;s opinion of real estate companies in general; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">the market&#x2019;s opinion of real estate companies that own similar properties.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>We may suffer adverse effects as a result of terms and covenants relating to the Company&#x2019;s indebtedness.</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Required payments on our indebtedness generally are not reduced if the economic performance of the portfolio declines. If the economic performance declines, net income, cash flow from operations and cash available for distribution to stockholders may be reduced. If payments on debt cannot be made, we could sustain a loss or suffer judgments, or in the case of mortgages, suffer foreclosures by mortgagees. Further, some obligations contain cross-default and/or cross-acceleration provisions, which means that a default on one obligation may constitute a default on other obligations.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We anticipate only a small portion of the principal of our debt will be repaid prior to maturity. Therefore, we are likely to refinance a portion of our outstanding debt as it matures. There is a risk that we may not be able to refinance existing debt or the terms of any refinancing will not be as favorable as the terms of the maturing debt. If principal balances due at maturity cannot be refinanced, extended, or repaid with proceeds from other sources, such as the proceeds of sales of assets or new equity capital, cash flow may not be sufficient to repay all maturing debt in years when significant &#x201C;balloon&#x201D; payments come due.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our credit facilities and unsecured debt contain customary restrictions, requirements and other limitations on the ability to incur indebtedness, including total debt to asset ratios, secured debt to total asset ratios, debt service coverage ratios, and minimum ratios of unencumbered assets to unsecured debt. Our continued ability to borrow is subject to compliance with financial and other covenants. In addition, failure to comply with such covenants could cause a default under credit facilities, and we may then be required to repay such debt with capital from other sources. Under those circumstances, other sources of capital may not be available, or be available only on terms that are detrimental to the Company.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Our degree of leverage could limit our ability to obtain additional financing or affect the market price of our common stock.</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The degree of leverage could affect our ability to obtain additional financing for working capital, capital expenditures, acquisitions, development or other general corporate purposes. The degree of leverage could also make us more vulnerable to a downturn in business or the general economy.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>An increase in interest rates would increase interest costs on variable rate debt and could adversely impact the ability to refinance existing debt.</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We currently have, and may incur more, indebtedness that bears interest at variable rates. Accordingly, if interest rates increase, so will the interest costs, which could adversely affect cash flow and the ability to pay principal and interest on our debt and the ability to make distributions to shareholders. Further, rising interest rates could limit our ability to refinance existing debt when it matures.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Unbudgeted capital expenditures or cost overruns could adversely affect business operations and cash flow</i></b><i>.</i></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">If capital expenditures for ongoing or planned development projects or renovations exceed expectations, the additional cost of these expenditures could have an adverse effect on business operations and cash flow. In addition, we might not have access to funds on a timely basis to pay for the unexpected expenditures.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Construction costs are funded in large part through construction financing, which the Company may guarantee. The Company&#x2019;s obligation to pay interest on this financing continues until the rental project is completed, leased-up and permanent financing is obtained, or the project is sold, or the construction loan is otherwise paid. Unexpected delays in completion of one or more ongoing projects could also have a significant adverse impact on business operations and cash flow.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>We may need to sell properties from time to time for cash flow purposes.</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Because of the lack of liquidity of real estate investments generally, our ability to respond to changing circumstances may be limited. Real estate investments generally cannot be sold quickly. In the event that we must sell assets to generate cash flow, we cannot predict whether there will be a market for those assets in the time period desired, or whether we will be able to sell the assets at a price that will allow the Company to fully recoup its investment. We may not be able to realize the full potential value of the assets and may incur costs related to the early extinguishment of the debt secured by such assets.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>We intend to devote resources to the development of new projects.</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We plan to continue developing new projects as opportunities arise in the future. Development and construction activities entail a number of risks, including but not limited to the following:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">we may abandon a project after spending time and money determining its feasibility;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">construction costs may materially exceed original estimates;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">the revenue from a new project may not be enough to make it profitable or generate a positive cash flow;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">we may not be able to obtain financing on favorable terms for development of a property, if at all; &nbsp;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">we may not complete construction and lease-ups on schedule, resulting in increased development or carrying costs; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">we may not be able to obtain, or may be delayed in obtaining, necessary governmental permits.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>The overall business is subject to all of the risks associated with the real estate industry</i></b><i>.</i></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We are subject to all risks incident to investment in real estate, many of which relate to the general lack of liquidity of real estate investments, including, but not limited to:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">our real estate assets are concentrated primarily in the southwest and any deterioration in the general economic conditions of this region could have an adverse effect;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">changes in interest rates may make the ability to satisfy overall debt service requirements more burdensome;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">lack of availability of financing may render the purchase, sale or refinancing of a property more difficult or unattractive;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">changes in real estate and zoning laws;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">increases in real estate taxes and insurance costs;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">federal or local regulations or rent controls;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">acts of terrorism, and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">hurricanes, tornadoes, floods, earthquakes and other similar natural disasters.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Our performance and value are subject to risks associated with our real estate assets and with the real estate industry. </i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our economic performance and the value of our real estate assets, and consequently the value of our securities, are subject to the risk that if our properties do not generate revenues sufficient to meet our operating expenses, including debt service and capital expenditures, our cash flow will be adversely affected. The following factors, among others, may adversely affect the income generated by our properties:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">downturns in the national, regional and local economic conditions (particularly increases in unemployment);</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">competition from other office, apartment and commercial buildings;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">local real estate market conditions, such as oversupply or reduction in demand for office, apartments or other commercial space;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">changes in interest rates and availability of financing;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">vacancies, changes in market rental rates and the need to periodically repair, renovate and re-let space;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">increased operating costs, including insurance expense, utilities, real estate taxes, state and local taxes and heightened security costs;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">civil disturbances, earthquakes and other natural disasters, or terrorist acts or acts of war which may result in uninsured or underinsured losses;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">significant expenditures associated with each investment, such as debt service payments, real estate taxes, insurance and maintenance costs which are generally not reduced when circumstances cause a reduction in revenues from a property;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">declines in the financial condition of our tenants and our ability to collect rents from our tenants; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">decreases in the underlying value of our real estate.</td>
        </tr>
    </table>
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    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Adverse economic and geopolitical conditions and dislocations in the credit markets could have a material adverse effect on our results of operations, and financial condition. </i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our business may be affected by market and economic challenges experienced by the U.S. economy or real estate industry as a whole or by the local economic conditions in the markets in which our properties are located, including the current dislocations in the credit markets and general global economic recession. These current conditions, or similar conditions existing in the future, may adversely affect our results of operations, and financial condition as a result of the following, among other potential consequences:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">the financial condition of our tenants may be adversely affected which may result in tenant defaults under leases due to bankruptcy, lack of liquidity, operational failures or for other reasons;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">significant job losses within our tenants may occur, which may decrease demand for our office space, causing market rental rates and property values to be negatively impacted;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">our ability to borrow on terms and conditions that we find acceptable, or at all, may be limited, which could reduce our ability to pursue acquisition and development opportunities and refinance existing debt, reduce our returns from our acquisition and development activities and increase our future interest expense;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">reduced values of our properties may limit our ability to dispose of assets at attractive prices or to obtain debt financing secured by our properties and may reduce the availability of unsecured loans; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">one or more lenders could refuse to fund their financing commitment to us or could fail and we may not be able to replace the financing commitment of any such lenders on favorable terms, or at all.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Real estate investments are illiquid, and the Company may not be able to sell properties if and when it is appropriate to do so. </i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Real estate generally cannot be sold quickly. We may not be able to dispose of properties promptly in response to economic or other conditions. In addition, provisions of the Internal Revenue Code may limit our ability to sell properties (without incurring significant tax costs) in some situations when it may be otherwise economically advantageous to do so, thereby adversely affecting returns to stockholders and adversely impacting our ability to meet our obligations.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0%;"></td>
            <td style="width: 55.05pt;"><b>ITEM&nbsp;1B.</b></td>
            <td style="text-align: justify;"><a name="arl10ka004"></a><b><i>UNRESOLVED STAFF COMMENTS </i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">None.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;"><b>ITEM 2.</b></td>
            <td style="text-align: justify;"><a name="arl10ka005"></a><b><i>PROPERTIES</i></b></td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">On December&nbsp;31, 2017, our portfolio
    consisted of fifty nine income-producing properties consisting of fifty-one apartment communities totaling 8,427 units, seven
    commercial properties consisting of five office buildings and two retail centers; and a golf course. In addition, we own or
    control 3,613 acres of improved and unimproved land held for future development or sale. The average annual rental and other
    property revenue dollar per square foot is $11.83 for the Company&#x2019;s residential apartment portfolio and $18.55 for the
    commercial portfolio. The table below shows information relating to those properties in which we own or have an ownership
    interest, all of which are suitable and adequate for the purpose for which each is utilized:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">Residential Apartments</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">Location</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">Units</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">Occupancy</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 41%; text-align: left;">Anderson Estates</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 25%; text-align: left;">Oxford, MS</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 15%; text-align: right;">48</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 15%; text-align: right;">91.70</td>
            <td style="width: 1%; text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Blue Lake Villas I</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Waxahachie, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">186</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">98.90</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Blue Lake Villas II</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Waxahachie, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">70</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">98.60</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Breakwater Bay</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Beaumont, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">176</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">90.90</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Bridgewood Ranch</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Kaufman, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">106</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.20</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Capitol Hill</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Little Rock, AR</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">156</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">92.90</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Centennial Village</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Oak Ridge TN</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">252</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">99.20</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Crossing at Opelika</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Opelika AL</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">168</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">98.20</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Curtis Moore Estates</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Greenwood, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">104</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">77.90</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Dakota Arms</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Lubbock, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">208</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">95.20</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">David Jordan Phase II</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Greenwood, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">32</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">78.10</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">David Jordan Phase III</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Greenwood, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">40</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">87.50</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Desoto Ranch</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">DeSoto, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">248</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.20</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Falcon Lakes</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Arlington, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">248</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">98.00</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Heather Creek</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Mesquite, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">200</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">98.50</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Lake Forest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Houston, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">240</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">95.80</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Legacy at Pleasant Grove</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Texarkana, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">208</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">93.30</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Lodge at Pecan Creek</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Denton, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">192</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">94.80</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Lofts at Reynolds Village</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Asheville, NC</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">201</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.50</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Mansions of Mansfield</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Mansfield, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">208</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.60</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Metropolitan&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Little Rock, AR</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">260</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">87.30</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Mission Oaks</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">San Antonio, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">228</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">96.10</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Monticello Estate</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Monticello, AR</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">32</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">90.60</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Northside on Travis</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Sherman, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">200</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.00</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Oak Hollow</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Seguin TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">160</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">94.40</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Oceanaire</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Biloxi, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">196</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">94.40</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Overlook at Allensville</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Sevierville TN</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">144</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">96.50</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Parc at Clarksville</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Clarksville, TN</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">168</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">96.40</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Parc at Denham Springs</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Denham Springs, LA</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">224</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">94.60</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Parc at Maumelle</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Little Rock, AR</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">240</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">93.80</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Parc at Metro Center</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Nashville, TN</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">144</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">98.60</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Parc at Rogers</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Rogers, AR</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">250</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">96.40</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Preserve at Pecan Creek</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Denton, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">192</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">94.30</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Preserve at Prairie Point</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Lubbock, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">184</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.80</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Residences at Holland Lake</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Weatherford TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">208</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.60</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Riverwalk Phase I</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Greenville, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">32</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">96.90</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Riverwalk Phase II</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Greenville, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">72</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">91.70</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Sawgrass Creek&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">New Port Richey, FL</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">45</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">95.56</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Sonoma Court</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Rockwall, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">124</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">99.20</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Sugar Mill</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Baton Rouge, LA</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">160</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">100.00</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Tattersall Village</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Hinesville, GA</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">222</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">96.40</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Toulon</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Gautier, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">240</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">92.10</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Tradewinds</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Midland TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">214</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.70</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Villager Apts</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Fort Walton FL</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">33</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.00</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Villas at Park West I</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Pueblo, CO</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">148</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">100.00</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Villas at Park West II</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Pueblo, CO</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">112</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">100.00</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Vista Ridge</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Tupelo MS</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">160</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">96.90</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Vistas of Vance Jackson</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">San Antonio, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">240</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">97.10</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Waterford at Summer Park</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Rosenberg TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">196</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">92.30</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Westwood&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Mary Ester FL</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">120</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">98.30</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Windsong</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Fort Worth, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">188</td>
            <td>&nbsp;</td>
            <td style="text-align: right;">98.40</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="color: blue; padding-bottom: 2.5pt; text-align: left; font-style: italic; font-weight: bold;">
                <font style="color: black;">51</font>
            </td>
            <td style="padding-bottom: 2.5pt; font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-style: italic; font-weight: bold;">Total Apartment Units</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">8,427</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">95.18</td>
            <td style="text-align: left; font-weight: bold;">%</td>
        </tr>
    </table>
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    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">Office Buildings</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">Location</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;" colspan="3">SqFt</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;" colspan="2">Occupancy</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 40%; text-align: left;">600 Las Colinas</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 25%; text-align: left;">Las Colinas, TX</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 14%; text-align: right;">512,210</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 14%; text-align: right;">92.36</td>
            <td style="width: 1%; text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">770 South Post Oak</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Houston, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">95,329</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">86.43</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Browning Place (Park West I)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">625,378</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">77.53</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Senlac (VHP)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,812</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">100.00</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Stanford Center</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">Dallas, TX</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">333,234</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">97.79</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="color: black; text-align: left; font-style: italic; font-weight: bold;">5</td>
            <td style="font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-style: italic; font-weight: bold;">Total Office Buildings</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">1,568,963</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">Retail Centers</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">Location</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;" colspan="2">
                <font style="font-size: 10pt;"><b>SqFt</b></font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 10pt;"><b>Occupancy</b></font>
            </td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Bridgeview Plaza</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">LaCrosse, WI</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">122,205</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">87.36</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Fruitland Park</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">Fruitland Park, FL</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">6,722</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">100.00</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="color: black; text-align: left; font-style: italic; font-weight: bold;">2</td>
            <td style="font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-style: italic; font-weight: bold;">Total Retail Centers</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">128,927</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-style: italic; font-weight: bold;">Total Commercial</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">1,697,890</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">Golf Course</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">Location</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 10pt;"><b>Acres</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Mahogany Run Golf Course</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">St. Thomas, US Virgin Islands</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">96.09</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="color: black; text-align: left; font-style: italic; font-weight: bold;">1</td>
            <td style="font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-style: italic; font-weight: bold;">Total Golf Course</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">96.09</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Lease Expirations</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The table below shows the lease expirations of the commercial properties over a
        <font style="background-color: white;">nine</font>-year period and thereafter:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; vertical-align: middle; text-align: center; font-weight: bold;" colspan="3">Year of Lease
                <br> Expiration</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Rentable Square Feet
                <br> Subject to Expiring Leases</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Current Annualized (1)
                <br> Contractual Rent Under
                <br> Expiring Leases</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Current Annualized(1)
                <br> Contractual
                <br> Rent Under Expiring
                <br> Leases (P.S.F.)</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Percentage of Total
                <br> Square Feet</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Percentage of Gross Rentals</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;" colspan="3">&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="3">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="3">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="3">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="3">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="3">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="width: 1%; vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="width: 13%; vertical-align: middle; text-align: center;">2018</td>
            <td style="width: 1%; vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 13%; text-align: right;">172,297</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 13%; text-align: right;">3,647,957</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 13%; text-align: right;">21.17</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 13%; text-align: right;">10.1</td>
            <td style="width: 1%; text-align: left;">%</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 13%; text-align: right;">13.5</td>
            <td style="width: 1%; text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="vertical-align: middle; text-align: center;">2019</td>
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">298,377</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5,299,974</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">17.76</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">17.6</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">19.4</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="vertical-align: middle; text-align: center;">2020</td>
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">119,770</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,523,397</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">21.07</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7.1</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9.3</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="vertical-align: middle; text-align: center;">2021</td>
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">125,086</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,561,127</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">20.47</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7.4</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9.5</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="vertical-align: middle; text-align: center;">2022</td>
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">236,901</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5,118,961</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">21.61</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">14.0</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">18.9</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="vertical-align: middle; text-align: center;">2023</td>
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">172,346</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,344,412</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">13.60</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.2</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.7</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="vertical-align: middle; text-align: center;">2024</td>
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">61,044</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">996,807</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">16.33</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3.6</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3.7</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="vertical-align: middle; text-align: center;">2025</td>
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">113,829</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,604,020</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">22.88</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6.7</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9.6</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="vertical-align: middle; text-align: center;">2026</td>
            <td style="vertical-align: middle; text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">14,445</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">375,570</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">26.00</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">0.9</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1.4</td>
            <td style="text-align: left;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; vertical-align: middle; text-align: center;">Thereafter</td>
            <td style="padding-bottom: 1pt; vertical-align: middle; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">80,074</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">1,627,426</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">$</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">20.32</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">4.7</td>
            <td style="padding-bottom: 1pt; text-align: left;">%</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">6.0</td>
            <td style="padding-bottom: 1pt; text-align: left;">%</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="border-bottom: Black 2.5pt double; vertical-align: middle; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; vertical-align: middle; text-align: center; font-weight: bold;">Total</td>
            <td style="padding-bottom: 2.5pt; vertical-align: middle; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">1,394,169</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">27,099,652</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">82.3</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">%</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">100</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">%</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 0.25in;">(1)</td>
            <td style="text-align: justify;">Represents the monthly contractual base rent and recoveries from tenants under existing leases as of December&nbsp;31, 2017, multiplied by twelve. This amount reflects total rent before any rent abatements and includes expense reimbursements which may be estimates as of such date.</td>
        </tr>
    </table>
    <!-- Field: Page; ;  ; Value:  6; Sequence:  15; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->15
            <!-- Field: /Sequence -->
        </p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The table below shows information related to the land parcels we own as of December 31, 2017:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">Land</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">Location</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Acres</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 40%; text-align: left;">2427 Valley View Ln</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 41%; text-align: left;">Farmers Branch, TX</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 15%; text-align: right;">0.31</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Audubon</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Adams County, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">48.20</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Bonneau Land</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.39</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Cooks Lane</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Fort Worth, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">23.24</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Dedeaux</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Gulfport, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.00</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Denham Springs</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Denham Springs, LA</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4.38</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Dominion Mercer</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5.29</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Gautier</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Gautier, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3.46</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">GNB Land</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">45.00</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Hollywood Casino Tract II</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11.36</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Lacy Longhorn</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5.08</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Lake Shore Villas</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Humble, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">19.51</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Lubbock</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Lubbock, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2.86</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Manhattan Land</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.79</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>McKinney 36</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Collin County, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9.58</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Meloy/Portage Land</td>
            <td>&nbsp;</td>
            <td>Kent,OH</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">52.95</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Minivest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Dallas, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">0.23</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Nashville</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Nashville, TN</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6.25</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Nicholson Croslin</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Dallas, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">0.80</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Nicholson Mendoza</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Dallas, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">0.35</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Ocean Estates</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Gulfport, MS</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Senlac</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.49</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Texas Plaza</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Irving, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.33</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Travis Ranch</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Kaufman County, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.66</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Travis Ranch Retail</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Kaufman County, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.13</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Union Pacific Railroad</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Dallas, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">0.04</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Valley View 34 (Mercer Crossing)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2.19</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Willowick</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Pensacola, FL</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">39.78</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Windmills Farm</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">Kaufman County, TX</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">2,863.87</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="color: blue; padding-bottom: 2.5pt; font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-style: italic; font-weight: bold;">Total Land/Development</td>
            <td style="padding-bottom: 2.5pt; font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-style: italic; font-weight: bold;">3,219.52</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-style: italic; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">Land Subject to Sales Contract</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Location</td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Acres</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 40%; text-align: left;">Dominion Tract</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 41%; text-align: left;">Dallas, TX</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 15%; text-align: right;">10.59</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Hollywood Casino Tract I</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.96</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>LaDue</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.01</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Three Hickory</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6.60</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Travelers</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">193.17</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Valwood Land</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Farmers Branch, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">16.87</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Walker/Cummings</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">Dallas County, TX</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">82.59</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt;">Whorton</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">Bentonville, AR</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">64.44</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-style: italic; font-weight: bold;">Total Land Subject to Sales Contract</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">393.23</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="font-style: italic; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-style: italic; font-weight: bold;">Total Land</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">3,612.75</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
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    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;"><b>ITEM 3.</b></td>
            <td style="text-align: justify;"><a name="arl10ka006"></a><b><i>LEGAL PROCEEDINGS</i></b></td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>ART and ART Midwest, Inc.</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">While the Company and all entities in which the Company has a direct or indirect equity interest are not parties to or obligated in any way for the outcome, a formerly owned entity (American Realty Trust, Inc.) and its former subsidiary (ART Midwest, Inc.) have been engaged since 1999 in litigation with Mr. David Clapper and entities related to Mr. Clapper (collectively, the &#x201C;Clapper Parties&#x201D;). The matter originally involved a transaction in 1998 in which ART Midwest, Inc. was to acquire eight residential apartment complexes from the Clapper Parties. Through the years, a number of rulings, both for and against American Realty Trust, Inc. &#x201C;ART&#x201D; and ART Midwest, Inc., were issued. In October 2011, a ruling was issued under which the Clapper Parties received a judgment for approximately $74 million, including $26 million in actual damages and $48 million interest. The ruling was against ART and ART Midwest, Inc., but no other entity. During February 2014, the Court of Appeals affirmed a portion of the judgment in favor of the Clapper Parties, but also ruled that a double counting of a significant portion of the damages had occurred and remanded the case back to the trial court to recalculate the damage award, as well as pre- and post-judgment interest thereon. Subsequently, the trial court recalculated the damage award, reducing it to approximately $59 million, inclusive of actual damages and then current interest. ART was also a significant owner of a partnership interest in the partnership that was awarded the initial damages in this matter.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Clapper Parties subsequently filed a new lawsuit against ARI, its subsidiary EQK Holdings, Inc. &#x201C;EQK&#x201D;, and ART.&nbsp; The Clapper Parties seek damages from ARL for payment by ART to ARL of ART&#x2019;s stock in EQK in exchange for a release of the Antecedent Debt owed by ART to ARI. In February 2018 the court determined that this legal matter should not have been filed in federal court and therefore granted motions to dismiss on jurisdictional grounds. . The company has no knowledge as to whether the plaintiffs will attempt to refile their lawsuit in a state court.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In 2005, ART filed suit against a major national law firm over the initial transaction. That action was initially abated while the principal case with the Clapper Parties was pending, but the abatement was recently lifted.&nbsp; The trial court subsequently dismissed the case on procedural grounds, but ART has filed a notice of appeal. The appeal was heard in February 2018 and we are awaiting a ruling by the appeals court. In January 2012, the Company sold all of the issued and outstanding stock of ART to an unrelated party for a promissory note in the amount of $10 million. At December 31, 2012, the Company fully reserved and valued such note at zero. In February 2018 the court determined that this legal matter should not have been filed in federal court and therefore dismissed the lawsuit. The company has no knowledge as to whether the plaintiffs will attempt to refile their lawsuit in a state court.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Dynex Capital, Inc.</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">On July 20, 2015, the 68<sup>th</sup>&nbsp;Judicial District Court in Dallas County, Texas issued its Final Judgment in Cause No. DC-03-00675, styled Basic Capital Management, Inc., American Realty Trust, Inc., Transcontinental Realty Investors, Inc., Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc. v. Dynex Commercial, Inc. The case, which was litigated for more than a decade, had its origin with Dynex Commercial making loans to Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc. (subsidiaries of Continental Mortgage &#38; Equity Trust (&#x201C;CMET&#x201D;), an entity which merged into TCI in 1999 after the original suit was filed). Under the original loan commitment, $160 million in loans were to be made to the entities. The loans were conditioned on the execution of a commitment between Dynex Commercial and Basic Capital Management, Inc. (&#x201C;Basic&#x201D;).</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">An original trial in 2004, which also included Dynex Capital, Inc. as a defendant, resulted in a jury awarding damages in favor of Basic for &#x201C;lost opportunity,&#x201D; as well as damages in favor of ART and in favor of TCI and its subsidiaries for &#x201C;increased costs&#x201D; and &#x201C;lost opportunity.&#x201D; The original Trial Court judge ignored the jury&#x2019;s findings, however, and entered a &#x201C;Judgment Notwithstanding the Verdict&#x201D; (&#x201C;JNOV&#x201D;) in favor of the Dynex entities (the judge held the Plaintiffs were not entitled to any damages from the Dynex entities). After numerous appeals by all parties, Dynex Capital, Inc. was ultimately dismissed from the case and the remaining claims against Dynex Commercial were remanded to the Trial Court for a new judgment consistent with the jury&#x2019;s findings. The Court entered the new Final Judgment against Dynex Commercial, Inc. on July 20, 2015.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Final Judgment entered against Dynex Commercial, Inc. on July 20, 2015 awarded Basic $0.256 million in damages, plus pre-judgment interest of $0.192 million for a total amount of $0.448 million. The Judgment awarded ART $14.2 million in damages, plus pre-judgment interest of $10.6 million for a total amount of $24.8 million. The Judgment awarded TCI $11.1 million, plus pre-judgment interest of $8.4 million for a total amount of $19.5 million. The Judgment also awarded Basic, ART, and TCI post-judgment interest at the rate of 5% per annum from April 25, 2014 until the date their respective damages are paid. Lastly, the Judgement awarded Basic, ART, and TCI $1.6 million collectively in attorneys&#x2019; fees from Dynex Commercial, Inc.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company is working with counsel to identify assets and collect on the Final Judgment against Dynex Commercial, Inc., as well as explore possible additional claims, if any, against Dynex Capital, Inc.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><i>Litigation.&nbsp;</i>The ownership of property and provision of services to the public as tenants entails an inherent risk of liability. Although the Company and its subsidiaries are involved in various items of litigation incidental to and in the ordinary course of its business, in the opinion of management, the outcome of such litigation will not have a material adverse impact upon the Company&#x2019;s financial condition, results of operation or liquidity.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
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            <td style="width: 0.75in; text-align: left;"><b>ITEM 4.</b></td>
            <td style="text-align: justify;"><a name="arl10ka007"></a><b><i>MINE SAFETY DISCLOSURES</i></b></td>
        </tr>
    </table>
    <p style="margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: -0.75in; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Not applicable.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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        </p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><a name="arl10ka008"></a><b>PART II</b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0%;"></td>
            <td style="width: 0.75in;"><a name="arl10ka009"></a><b>ITEM&nbsp;5.</b></td>
            <td style="text-align: justify;"><b><i>MARKET FOR REGISTRANT&#x2019;S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES </i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL&#x2019;s common stock is listed and traded on the NYSE American under the symbol &#x201C;ARL&#x201D;. The following table sets forth the high and low sales prices as reported in the consolidated reporting system of the NYSE American for the quarters ended:&nbsp;</p>
    <p style="margin: 0;">&nbsp;</p>
    <table style="margin-left: 5%; margin-right: 40%; width: 60%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">2017</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">2016</td>
            <td style="font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="color: #1f497d; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">High</td>
            <td style="border-bottom: Black 1pt solid;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">Low</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">High</td>
            <td style="border-bottom: Black 1pt solid;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">Low</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9px; width: 16%; text-align: left;">First Quarter</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 8%; text-align: right;">9.85</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 8%; text-align: right;">5.17</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 8%; text-align: right;">5.83</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 8%; text-align: right;">3.89</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9px; text-align: left;">Second Quarter</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">9.99</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">7.00</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">7.05</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">4.44</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9px; text-align: left;">Third Quarter</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">8.95</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">8.00</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">7.81</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">5.19</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9px; text-align: left;">Fourth Quarter</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">14.50</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">8.67</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">7.93</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">4.92</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">On March 20, 2018, the closing market price of ARL&#x2019;s common stock on the NYSE American
        <font style="color: #000000; background-color: white;">$14.72</font>&nbsp;per share, and was held by approximately
        <font style="background-color: white;">2,832</font>&nbsp;stockholders of record.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL&#x2019;s Board of Directors has established a policy that dividend declarations on common stock would be determined on an annual basis following the end of each year. In accordance with that policy, the Board determined not to pay any dividends on common stock in 2017, 2016 or 2015. Future distributions to common stockholders will be determined by the Board of Directors in light of conditions then existing, including the Company&#x2019;s financial condition and requirements, future prospects, restrictions in financing agreements, business conditions and other factors deemed relevant by the Board.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under ARL&#x2019;s Amended Articles of Incorporation, 15,000,000 shares of Series A 10.0% Cumulative Convertible Preferred Stock are authorized with a par value of $2.00 per share and a liquidation preference of $10.00 per share plus accrued and unpaid dividends. 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, when and as declared by the Board of Directors. The Series A Preferred Stock may be converted into common stock at 90.0% of the average daily closing price of ARL&#x2019;s common stock for the prior 20 trading days.
        <font style="background-color: white;">At December 31, 2017, 2,000,614 shares of Series A Preferred Stock were outstanding. Of the outstanding shares, 900,000 are held by ARL. Dividends are not paid on the shares owned by ARL.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under ARL&#x2019;s Amended Articles of Incorporation, 91,000 shares of Series D 9.50% Cumulative Preferred Stock are authorized with a par value of $2.00 per share, and a liquidation preference of $20.00 per share. Dividends are payable at the annual rate of $1.90 per year or $0.475 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. The Series D Preferred Stock is reserved for the conversion of the Class&nbsp;A limited partner units of Ocean Beach Partners, L.P. The Class&nbsp;A units may be exchanged for Series D Preferred Stock at the rate of 20 Class&nbsp;A units for each share of Series D Preferred Stock. There are no outstanding shares of Series D Preferred Stock. On January 12, 2018 Realty Advisors converted 200,000 preferred shares, plus accrued dividends into 482,716 shares of common stock.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under ARL&#x2019;s Amended Articles of Incorporation, 500,000 shares of Series E 6.0% Cumulative Preferred Stock are authorized with a par value $2.00 per share and a liquidation preference of $10.00 per share. 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. There are no Series E Preferred Stock outstanding. As an instrument amendatory to ARL&#x2019;s Amended Articles of Incorporation, 100,000 shares of Series J 8% Cumulative Convertible Preferred Stock have been designated pursuant to a Certificate of Designation filed March&nbsp;16, 2006, with a par value of $2.00 per share, and a liquidation preference of $1,000 per share. 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. Although the Series J 8% Cumulative Convertible Preferred Stock has been designated, no shares have been issued.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company had 135,000 shares of Series K convertible preferred stock, which were held by TCI and used as collateral on a note. The note has been paid in full and the Series K preferred stock was cancelled May 7, 2014.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">On September&nbsp;1, 2000, the Board of Directors approved a share repurchase program authorizing the repurchase of up to a total of 1,000,000 shares of ARL common stock. This repurchase program has no termination date. In August 2010, the Board of Directors approved an increase in the share repurchase program for up to an additional 250,000 shares of common stock which results in a total authorization under the repurchase program for up to 1,250,000 shares.
        <font style="color: #333333; background-color: white;">There were no shares repurchased during the year ended December 31, 2017.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <!-- Field: Page; ;  ; Options:  NewSection; Value:  19; Sequence:  19; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->19
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            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt"></p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;"><a name="arl10ka010"></a><b>ITEM 6.</b></td>
            <td style="text-align: justify;"><b><i>SELECTED FINANCIAL DATA</i></b></td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman,serif;"><b>AMERICAN REALTY INVESTORS, INC.</b></p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman,serif;"><b>&nbsp;</b></p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman,serif;"><b>&nbsp;</b></p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman,serif;"><b>&nbsp;</b></p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="font-size: 9pt;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="19">For the Years Ended December 31,</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 9pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2015</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2014</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2013</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 9pt;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="19">(dollars in thousands, except share and per share amounts)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">EARNINGS DATA</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 35%; text-align: left;">Rental and other property revenues</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">126,221</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">119,663</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">104,188</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">79,412</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">80,750</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Total operating expenses</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">108,793</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">105,029</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">97,880</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">82,611</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">96,426</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Operating income (loss)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">17,428</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">14,634</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,308</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,199</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(15,676</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Other expenses</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(47,706</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(36,325</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(31,622</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(15,511</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(35,264</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Income (loss) before gain on land sales, non-controlling interest, and taxes</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(30,278</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(21,691</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(25,314</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(18,710</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(50,940</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Gain (loss) on income producing properties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">16,698</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">16,207</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Gain (loss) on land sales</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,884</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,121</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">21,648</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">561</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(455</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Income tax&nbsp;&nbsp;benefit (expense)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(180</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(46</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(517</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">20,413</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">40,513</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Net income (loss) from continuing operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(8,876</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(2,409</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(4,183</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">2,264</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(10,882</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Net income (loss) from discontinuing operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">896</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">37,909</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">62,606</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Net income (loss)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,876</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,410</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,287</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">40,173</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">51,724</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Net income (loss) attributable to non-controlling interest</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">445</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(322</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">1,327</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(9,288</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(10,448</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Net income (loss) attributable to American Realty Investors, Inc.</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,431</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,732</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,960</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">30,885</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">41,276</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Preferred dividend requirement</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,105</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,101</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,216</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(2,043</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(2,452</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(9,536</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(3,833</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(3,176</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">28,842</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">38,824</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="font-weight: bold;">PER SHARE DATA</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-weight: bold;">Earnings per share - basic</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Income (loss) from continuing operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.61</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.25</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.27</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.71</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(2.07</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Income (loss) from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;"></td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">0.06</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">2.99</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">5.43</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.61</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.25</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.21</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">2.28</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">3.36</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Weighted average common shares used in computing earnings per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,111,107</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12,683,956</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11,525,389</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-weight: bold;">Earnings per share - diluted</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Income (loss) from continuing operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.61</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.25</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.27</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.71</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(2.07</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Income (loss) from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;"></td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">0.06</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">2.99</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">5.43</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.61</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.25</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.21</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">2.28</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">3.36</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Weighted average common shares used in computing diluted earnings per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,111,107</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12,683,956</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11,525,389</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-family: Arial, Helvetica, Sans-Serif;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">BALANCE SHEET DATA</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Real estate, net</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">988,117</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">901,006</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">853,507</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">699,763</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">700,294</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Notes and interest receivable, net</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">112,095</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">126,564</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">120,243</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">134,366</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">136,815</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Total assets</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,296,720</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,174,909</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,117,368</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">965,498</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">943,322</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Notes and interest payables</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,014,132</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">851,095</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">804,760</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">659,059</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">659,042</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Shareholders' equity</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">165,883</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">176,131</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">176,889</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">179,588</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">134,861</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Book value per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.69</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11.35</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11.71</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">14.16</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11.70</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman,serif;"><b>&nbsp;</b></p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman,serif;"><b>&nbsp;</b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;&nbsp;</p>
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    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">&nbsp;</p>
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        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 1in;"><a name="arl10ka011"></a><b>ITEM&nbsp;7.</b></td>
            <td style="text-align: justify;"><b><i>MANAGEMENT&#x2019;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS </i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following discussion should be read in conjunction with the financial statements and notes thereto appearing elsewhere in this report.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">This Annual Report on Form 10-K contains forward-looking statements within the meaning of the federal securities laws, principally, but not only, under the captions &#x201C;Business,&#x201D; &#x201C;Risk Factors,&#x201D; and &#x201C;Management&#x2019;s Discussion and Analysis of Financial Condition and Results of Operations.&#x201D; We caution investors that any forward-looking statements in this report, or which management may make orally or in writing from time to time, are based on management&#x2019;s beliefs and on assumptions made by, and information currently available to, management. When used, the words &#x201C;anticipate&#x201D;, &#x201C;believe&#x201D;, &#x201C;expect&#x201D;, &#x201C;intend&#x201D;, &#x201C;may&#x201D;, &#x201C;might&#x201D;, &#x201C;plan&#x201D;, &#x201C;estimate&#x201D;, &#x201C;project&#x201D;, &#x201C;should&#x201D;, &#x201C;will&#x201D;, &#x201C;result&#x201D; and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors, that are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We caution you that, while forward-looking statements reflect our good faith beliefs when we make them, they are not guarantees of future performance and are impacted by actual events when they occur after we make such statements. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Some of the risks and uncertainties that may cause our actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, among others, the following:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">general risks affecting the real estate industry (including, without limitation, the inability to enter into or renew leases, dependence on tenants&#x2019; financial condition, and competition from other developers, owners and operators of real estate);</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">risks associated with the availability and terms of financing and the use of debt to fund acquisitions and developments;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">failure to manage effectively our growth and expansion into new markets or to integrate acquisitions successfully;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">risks and uncertainties affecting property development and construction (including, without limitation, construction delays, cost overruns, inability to obtain necessary permits and public opposition to such activities);</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">risks associated with downturns in the national and local economies, increases in interest rates, and volatility in the securities markets;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">costs of compliance with the Americans with Disabilities Act and other similar laws and regulations;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">potential liability for uninsured losses and environmental contamination;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
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            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">risks associated with our dependence on key personnel whose continued service is not guaranteed; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
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            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">the other risk factors identified in this Form 10-K, including those described under the caption &#x201C;Risk Factors.&#x201D;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The risks included here are not exhaustive. Other sections of this report, including Part I, Item&nbsp;1A. &#x201C;Risk Factors,&#x201D; include additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Investors should also refer to our quarterly reports on Form 10-Q for future periods and current reports on Form 8-K as we file them with the SEC, and to other materials we may furnish to the public from time to time through Forms 8-K or otherwise.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Overview </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We are an externally advised and managed real estate investment company that owns a diverse portfolio of income-producing properties and land held for development. Our portfolio of income-producing properties includes residential apartment communities, office buildings and a golf course. Our investment strategy includes acquiring existing income-producing properties as well as developing new properties on land already owned or acquired for a specific development project. We acquire land primarily in urban in-fill locations or high-growth suburban markets. We are an active buyer and seller of real estate and during 2017 we acquired
        <font style="color: #000000; background-color: white;">$41.7 </font>million and sold
        <font style="color: #000000; background-color: white;">$11.2</font> million of land and income-producing properties. As of December 31, 2017, we owned 8,427 units in fifty-one residential apartment communities, seven commercial properties comprising approximately 1.7 million rentable square feet and a golf course. In addition, we own 3,613 acres of land held for development. The Company currently owns income-producing properties and land in eleven states as well as in the U.S. Virgin Islands.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We finance our acquisitions primarily through operating cash flow, proceeds from the sale of land and income-producing properties and debt financing primarily in the form of property-specific first-lien mortgage loans from commercial banks and institutional lenders. We finance our development projects principally with short-term, variable interest rate construction loans that are converted to long-term, fixed rate amortizing mortgages when the development project is completed and occupancy has been stabilized. We will, from time to time, also enter into partnerships with various investors to acquire income-producing properties or land and to sell interests in some of our wholly owned properties. When we sell assets, we may carry a portion of the sales price generally in the form of a short-term, interest bearing seller-financed note receivable. We generate operating revenues primarily by leasing apartment units to residents and leasing office, retail and industrial space to commercial tenants.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We have historically engaged in and may continue to engage in certain business transactions with related parties, including but not limited to asset acquisition and dispositions. Transactions involving related parties cannot be presumed to be carried out on an arm&#x2019;s length basis due to the absence of free market forces that naturally exist in business dealings between two or more unrelated entities. Related party transactions may not always be favorable to our business and may include terms, conditions and agreements that are not necessarily beneficial to or in our best interest.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Since April 30, 2011, Pillar is the Company&#x2019;s external Advisor and Cash Manager under a contractual arrangement that is reviewed annually by our Board of Directors. Pillar&#x2019;s duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities. Pillar also arranges, for ARL&#x2019;s benefit, debt and equity financing with third party lenders and investors. Pillar also serves as an Advisor and Cash Manager to TCI and IOR. As the contractual Advisor, Pillar is compensated by ARL under an Advisory Agreement that is more fully described in Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; The Advisor&#x201D;. ARL has no employees. Employees of Pillar render services to ARL in accordance with the terms of the Advisory Agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Effective since January&nbsp;1, 2011, Regis manages our commercial properties and provides brokerage services.&nbsp; Regis is entitled to receive a fee for its property management and brokerage services. See Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; Property Management and Real Estate Brokerage&#x201D;. The Company contracts with third-party companies to lease and manage our apartment communities.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Critical Accounting Policies </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We present our financial statements in accordance with generally accepted accounting principles in the United States (&#x201C;GAAP&#x201D;). The accompanying Consolidated Financial Statements include our accounts, our subsidiaries, generally all of which are wholly-owned, and all entities in which we have a controlling interest.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">For entities in which we have less than a controlling financial interest or entities where we are not deemed to be the primary beneficiary, the entities are accounted for using the equity method of accounting. Accordingly, our share of the net earnings or losses of these entities are included in consolidated net income. Our investment in Gruppa Florentina, LLC is accounted for under the equity method.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company, in accordance with the VIE guidance in ASC 810 &#x201C;Consolidations,&#x201D; consolidated fifty-one and fifty multifamily residential properties located throughout the United States at December 31, 2017 and 2016, respectively, ranging from 32 units to 260 units.&nbsp; Assets totaling approximately $484 million&nbsp;and approximately
        <font style="background-color: white;">$442</font> million at December 31, 2017 and 2016, respectively,&nbsp;are consolidated and included in &#x201C;Real estate, at cost&#x201D; on the balance sheet and are all collateral for their respective mortgage notes payable, none of which are recourse to the partnership in which they are in or to the Company.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Real Estate </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Upon acquisitions of real estate, we assess the fair value of acquired tangible and intangible assets, including land, buildings, tenant improvements, &#x201C;above-market&#x201D; and &#x201C;below-market&#x201D; leases, origination costs, acquired in-place leases, other identified intangible assets and assumed liabilities in accordance with ASC Topic 805 &#x201C;Business Combinations&#x201D;, and allocate the purchase price to the acquired assets and assumed liabilities, including land at appraised value and buildings at replacement cost.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We assess and consider fair value based on estimated cash flow projections that utilize appropriate discount and/or capitalization rates, as well as available market information. Estimates of future cash flows are based on a number of factors including the historical operating results, known and anticipated trends, and market and economic conditions. The fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant. We also consider an allocation of purchase price of other acquired intangibles, including acquired in-place leases that may have a customer relationship intangible value, including (but not limited to) the nature and extent of the existing relationship with the tenants, the tenants&#x2019; credit quality and expectations of lease renewals. Based on our acquisitions to date, our allocation to customer relationship intangible assets has been immaterial.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We record acquired &#x201C;above-market&#x201D; and &#x201C;below-market&#x201D; leases at their fair values (using a discount rate which reflects the risks associated with the leases acquired) equal to the difference between (1) the contractual amounts to be paid pursuant to each in-place lease and (2) management&#x2019;s estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed rate renewal options for below-market leases.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Other intangible assets acquired include amounts for in-place lease values that are based on our evaluation of the specific characteristics of each tenant&#x2019;s lease. Factors to be considered include estimates of carrying costs during hypothetical expected lease-up periods considering current market conditions, and costs to execute similar leases. In estimating carrying costs, we include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions. In estimating costs to execute similar leases, we consider leasing commissions, legal and other related expenses.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Depreciation and Impairment</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Real estate is stated at depreciated cost. The cost of buildings and improvements includes the purchase price of property, legal fees and other acquisition costs. Costs directly related to the development of properties are capitalized. Capitalized development costs include interest, property taxes, insurance, and other direct project costs incurred during the period of development.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">A variety of costs are incurred in the acquisition, development and leasing of properties. After determination is made to capitalize a cost, it is allocated to the specific component of a project that is benefited. Determination of when a development project is substantially complete and capitalization must cease involves a degree of judgment. Our capitalization policy on development properties is guided by ASC Topic 835-20 &#x201C;Interest &#x2013; Capitalization of Interest&#x201D; and ASC Topic 970 &#x201C;Real Estate - General&#x201D;. The costs of land and buildings under development include specifically identifiable costs. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. We consider a construction project as substantially completed and held available for occupancy upon the receipt of certificates of occupancy, but no later than one year from cessation of major construction activity. We cease capitalization on the portion (1)&nbsp;substantially completed and (2)&nbsp;occupied or held available for occupancy, and we capitalize only those costs associated with the portion under construction.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Management reviews its long-lived assets used in operations for impairment when there is an event or change in circumstances that indicates impairment in value. An impairment loss is recognized if the carrying amount of its assets is not recoverable and exceeds its fair value. Fair value is determined by a recent appraisal, comparable based upon prices for similar assets, executed sales contract, a present value and/or a valuation technique based upon a multiple of earnings or revenue. If such impairment is present, an impairment loss is recognized based on the excess of the carrying amount of the asset over its fair value. The evaluation of anticipated cash flows is highly subjective and is based in part on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results in future periods. If we determine that impairment has occurred, the affected assets must be reduced to their face value.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Real Estate Assets Held for Sale</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We classify properties as held for sale when certain criteria are met in accordance with GAAP. At that time, we present the assets and obligations of the property held for sale separately in our consolidated balance sheet and we cease recording depreciation and amortization expense related to that property. Properties held for sale are reported at the lower of their carrying amount or their estimated fair value, less estimated costs to sell. We did not have any real estate assets classified as held for sale at December 31, 2017 or 2016.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Effective as of January 1, 2015, we adopted the revised guidance in Accounting Standards Update No.&nbsp;2014-08 regarding discontinued operations. For sales of real estate or assets classified as held for sale after January 1, 2015, we will evaluate whether a disposal transaction meets the criteria of a strategic shift and will have a major effect on our operations and financial results to determine if the results of operations and gains on sale of real estate will be presented as part of our continuing operations or as discontinued operations in our consolidated statements of operations. If the disposal represents a strategic shift, it will be classified as discontinued operations for all periods presented; if not, it will be presented in continuing operations.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Any properties that are treated as &#x201C;subject to sales contract&#x201D; on the Consolidated Balance Sheets and are listed in detail in Schedule III, &#x201C;Real Estate and Accumulated Depreciation&#x201D; are those in which we have not recognized the legal sale according to the guidance in ASC 360-20 due to various factors, disclosed in Item 1 &#x201C;Significant Real Estate Acquisitions/Dispositions and Financing.&#x201D; Any sale transaction where the guidance reflects that a sale had not occurred, the asset involved in the transaction, including the debt, if appropriate, and property operations, remained on the books of the Company. We continue to charge depreciation to expense as a period costs for the property until such time as the property has been classified as held for sale in accordance with guidance reflected in ASC 360-10-45 &#x201C;Impairment or Disposal of Long-Lived Assets.&#x201D;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Investment in Unconsolidated Real Estate Ventures </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Except for ownership interests in variable interest entities, we account for our investments in unconsolidated real estate ventures under the equity method of accounting because we exercise significant influence over, but do not control, these entities. These investments are recorded initially at cost, as investments in unconsolidated real estate ventures, and subsequently adjusted for equity in earnings and cash contributions and distributions. Any difference between the carrying amount of these investments on our balance sheet and the underlying equity in net assets is amortized as an adjustment to equity in earnings of unconsolidated real estate ventures over the life of the related asset. Under the equity method of accounting, our net equity is reflected within the Consolidated Balance Sheets, and our share of net income or loss from the joint ventures is included within the Consolidated Statements of Operations. The joint venture agreements may designate different percentage allocations among investors for profits and losses; however, our recognition of joint venture income or loss generally follows the joint venture&#x2019;s distribution priorities, which may change upon the achievement of certain investment return thresholds. For ownership interests in variable interest entities, we consolidate those in which we are the primary beneficiary.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Recognition of Rental Income </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Rental income for commercial property leases is recognized on a straight-line basis over the respective lease terms. In accordance with ASC Topic 805 &#x201C;Business Combinations&#x201D;, we recognize rental revenue of acquired in-place &#x201C;above-market&#x201D; and &#x201C;below-market&#x201D; leases at their fair values over the terms of the respective leases. On our Consolidated Balance Sheets, we include as a receivable the excess of rental income recognized over rental payments actually received pursuant to the terms of the individual commercial lease agreements.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Reimbursements of operating costs, as allowed under most of our commercial tenant leases, consist of amounts due from tenants for common area maintenance, real estate taxes and other recoverable costs, and are recognized as revenue in the period in which the recoverable expenses are incurred. We record these reimbursements on a &#x201C;gross&#x201D; basis, since we generally are the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier and have the credit risk with respect to paying the supplier.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Rental income for residential property leases is recorded when due from residents and is recognized monthly as earned, which is not materially different than on a straight-line basis as lease terms are generally for periods of one year or less. An allowance for doubtful accounts is recorded for all past due rents and operating expense reimbursements considered to be uncollectible.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Revenue Recognition on the Sale of Real Estate </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Sales and the associated gains or losses of real estate are recognized in accordance with the provisions of ASC Topic 360-20, &#x201C;Property, Plant and Equipment &#x2013; Real Estate Sale&#x201D;. The specific timing of a sale is measured against various criteria in ASC 360-20 related to the terms of the transaction and any continuing involvement in the form of management or financial assistance associated with the properties. If the sales criteria for the full accrual method are not met, we defer some or all of the gain recognition and account for the continued operations of the property by applying the finance, leasing, deposit, installment or cost recovery methods, as appropriate, until the sales criteria are met.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Non-performing Notes Receivable </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We consider a note receivable to be non-performing when the maturity date has passed without principal repayment and the borrower is not making interest payments in accordance with the terms of the agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Interest Recognition on Notes Receivable </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We record interest income as earned in accordance with the terms of the related loan agreements.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Allowance for Estimated Losses </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We assess the collectability of notes receivable on a periodic basis, of which the assessment consists primarily of an evaluation of cash flow projections of the borrower to determine whether estimated cash flows are sufficient to repay principal and interest in accordance with the contractual terms of the note. We recognize impairments on notes receivable when it is probable that principal and interest will not be received in accordance with the contractual terms of the loan. The amount of the impairment to be recognized generally is based on the fair value of the partnership&#x2019;s real estate that represents the primary source of loan repayment. See Note 3 &#x201C;Notes and Interest Receivable&#x201D; for details on our notes receivable.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Fair Value of Financial Instruments </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We apply the guidance in ASC Topic 820, &#x201C;Fair Value Measurements and Disclosures,&#x201D; to the valuation of real estate assets. These provisions define fair value as the price that would be received to sell an asset or paid to transfer a liability in a transaction between market participants at the measurement date, establish a hierarchy that prioritizes the information used in developing fair value estimates and require disclosure of fair value measurements by level within the fair value hierarchy. The hierarchy gives the highest priority to quoted prices in active markets (Level 1 measurements) and the lowest priority to unobservable data (Level 3 measurements), such as the reporting entity&#x2019;s own data.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date and includes three levels defined as follows:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 1in;"></td>
            <td style="width: 0.5in; text-align: left;">
                <font style="font-size: 10pt;">Level</font> 1</td>
            <td style="width: 0.25in; text-align: right;">&#x2014;</td>
            <td style="text-align: justify;">
                <font style="font-size: 10pt;">Unadjusted&nbsp;quoted&nbsp;prices&nbsp;for&nbsp;identical&nbsp;and&nbsp;unrestricted&nbsp;assets or liabilities in active markets.</font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-left: 0in; margin-top: 0; text-align: justify; text-indent: 0in; font-size: 10pt;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 1in;"></td>
            <td style="width: 0.5in; text-align: left;">
                <font style="font-size: 10pt;">Level</font> 2</td>
            <td style="width: 0.25in; text-align: right;">&#x2014;</td>
            <td style="text-align: justify;">
                <font style="font-size: 10pt;">Quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-left: 0in; margin-top: 0; text-align: justify; text-indent: 0in; font-size: 10pt;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font-size: 10pt;" cellspacing="0" cellpadding="0">
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            <td style="width: 1in;"></td>
            <td style="width: 0.5in; text-align: left;">
                <font style="font-size: 10pt;">Level</font> 3</td>
            <td style="width: 0.25in; text-align: right;">&#x2014;</td>
            <td style="text-align: justify;">
                <font style="font-size: 10pt;">Unobservable inputs that are significant to the fair value measurement.</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">A financial instrument&#x2019;s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Related parties</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We apply ASC Topic 805, &#x201C;Business Combinations&#x201D;, to evaluate business relationships. Related parties are persons or entities who have one or more of the following characteristics, which include entities for which investments in their equity securities would be required, trust for the benefit of persons including principal owners of the entities and members of their immediate families, management personnel 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 decision making of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests, or affiliates of the entity.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Results of Operations </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The discussion of our results of operations is based on management&#x2019;s review of operations, which is based on our segments. Our segments consist of apartments, commercial buildings, hotels, land and other. For discussion purposes, we break these segments down into the following sub-categories; same property portfolio, acquired properties, and developed properties in the lease-up phase. The same property portfolio consists of properties that were held by us for the entire period for both years being compared. The acquired property portfolio consists of properties that we acquired but have not held for the entire period for both periods being compared. Developed properties in the lease-up phase consist of completed projects that are being leased-up. As we complete each phase of the project, we lease-up that phase and include those revenues in our continued operations. Once a developed property becomes leased-up (80% or more) and is held the entire period for both years under comparison, it is considered to be included in the same property portfolio. Income-producing properties that we have sold during the year are reclassified to discontinuing operations for all periods presented. The other segment consists of revenue and operating expenses related to the notes receivable and corporate entities.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following discussion is based on our Consolidated Statements of Operations for the year ended December 31, 2017, 2016 and 2015 as included in Part II, Item&nbsp;8. &#x201C;Consolidated Financial Statements and Supplementary Data.&#x201D; The prior year&#x2019;s property portfolios have been adjusted for subsequent sales. Continued operations relates to income-producing properties that were held during those years as adjusted for sales in the subsequent years.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">At December 31, 2017, 2016 and 2015, we owned or had interests in a portfolio of fifty-nine, fifty-nine and fifty-eight income-producing properties, respectively. The total property portfolio represents all income-producing properties held as of December&nbsp;31 for the year presented. Sales subsequent to year end represent properties that were held as of year end for the years presented, but sold in subsequent years. Continued operations represents all properties that have not been reclassed to discontinued operations as of December 31, 2017 for the year presented. The table below shows the number of income-producing properties held by year.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 70%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;" colspan="2">2015</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 37%; text-align: left;">Continued operations</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 8%; text-align: right;">59</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 8%; text-align: right;">59</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 8%; text-align: right;">58</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Sales subsequent to year end</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">Total property portfolio</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">59</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">59</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">58</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; text-indent: 24.5pt; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Comparison of the year ended December 31, 2017 to the year ended December 31, 2016:</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">For the year ended December 31, 2017, we reported net loss applicable to common shares of $9.5 million or ($0.61) per diluted earnings per share compared to a net loss applicable to common shares of $3.8 million or ($0.25) per diluted earnings per share for the year ended December 31, 2016.&nbsp; The current year net loss applicable to common shares of $9.5 million includes gain on income-producing properties of $16.7 million and gain on land sales of $4.9 million compared to the prior year net loss applicable to common shares of $3.8 million which includes gain on land sales of $3.1 million.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><strong>&nbsp;</strong></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Revenues</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>&nbsp;</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;Rental and other property revenues were $126.2 million for the year ended December 31, 2017. This represents an increase of $6.5 million compared to the prior year revenues of $119.7 million. The change by segment is an increase in the apartment portfolio of $6.2 million and an increase in the commercial portfolio of 0.3 million, partially offset by a decrease of $0.1 million in the other portfolio. We purchased four apartment communities during the year ended December 31, 2016, which produced rental revenue of $8.3 million and $2.0 million during the years ended December 31, 2017 and 2016, respectively, for a net increase of $6.3 million.&nbsp; In addition, we purchased one apartment property during 2017 that produced $0.8 million in rental revenue.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;"><b>Expenses</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p>Property operating expenses were $64.1 million for the year ended December 31, 2017. This represents an increase of $1.1 million compared to the prior year operating expenses of $63.0 million. The change by segment is an increase in the apartment portfolio of $2.9 million, a decrease in the commercial portfolio of $1.9 million and a decrease in the land portfolio of $0.9 million, partially offset by a increase in the other portfolio of $1.0 million. The Company added a net 723 apartment units during 2016 and 201 units during 2017.&nbsp; Property operating expenses for our commercial portfolio decreased $1.8 million. In addition, we had a decrease in property operating expenses for our land portfolio of $1.0 million.</p>
    <p>Depreciation and amortization expenses were $25.7 million for the year ended December 31, 2017. This represents an increase of $1.9 million compared to prior year depreciation of $23.8 million. The increase is primarily due to the growth in our apartment portfolio which had an increase of $2.3 million year-over-year.</p>
    <p>General and administrative expenses were $7.7 million dollars for the year ended December 31, 2017. This represents an increase of $0.6 million compared to the prior year general and administrative expenses of $7.1 million.</p>
    <p>There was no provision for impairment of notes receivable, investment in real estate partnerships and real estate assets for the years ended December 31, 2017 and December 31, 2016.</p>
    <p>Net income fee was $0.3 million for the year ended December 31, 2017 and December 31, 2016. The net income fee paid to Pillar is calculated at 7.5% of net income.&nbsp;</p>
    <p>Advisory fees were $11.1 million for the year ended December 31, 2017. This represents an increase of $0.2 million compared to the prior year advisory fees of $10.9 million.&nbsp; Advisory fees are computed based on a gross asset fee of 0.0625% per month (0.75% per annum) of the average of the gross asset value.</p>
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        <font style="color: #000000; background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="color: #000000; background-color: white;"><b>Other income (expense)</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="color: #000000; background-color: white;">&nbsp;</font>
    </p>
    <p>Interest income was $18.9 million for the year ending December 31, 2017. This represents an decrease of $1.6 million compared to the prior year interest income of $20.5 million dollars. This decrease was primarily due to a decrease of $2.3 in interest on notes receivable, partially offset by a $1.3 million increase in interest on receivable owed from Advisor.</p>
    <p>Other income was $4.1 million for the year ending December 31, 2017. This represents a increase of $2.0 million compared to prior year other income of $2.1 million. The increase is primarily due to a property with a negotiated settlement of a debt with the lender during 2015.</p>
    <p>Mortgage and loan interest expense was $66.1 million for the year ended December 31, 2017. This represents an increase of $6.7 million compared to the prior year expense of $59.4 million. The change by segment is an increase in the other portfolio of $7.4 million, an increase in the apartment portfolio of $1.7 million and an increase in the commercial portfolio of $0.3 million, partially offset by a decrease in the land portfolio of $2.5 million.&nbsp; The increase in the apartment portfolio was primarily due to the acquisition of new properties, partially offset by the refinancing of five loans during 2016 at lower rates.&nbsp;</p>
    <p style="margin-top: 0in;">Gain on sale of income-producing properties was $16.7 million, of that amount, $14.1 million was
    attributable to recognition of deferred gains for     the year     ended     December     31,     2017.&nbsp; During 2017,
    the     Company sold     one     commercial     property located     in     Mattoon, IL to     an     independent third
    party for     a     total     sales price     of $5.1     million. We recorded an     aggregate     gain of $2.6 million
    from     the     sale of this     property. During 2016, the     Company sold     one apartment     community     located in Irving,     Texas to an     independent
    third     party for a     total sales         price of $8.1       million and one     apartment community located in
    Topeka,     Kansas to an     independent third     party for a     total     sales price     of     $12.3 million. We
    recorded an     aggregate gain     of $16.2 million        from the sale of these two     properties.     &nbsp;The
    Company also sold an       industrial     warehouse consisting of     approximately     177,805     square feet.         The
    sale resulted in a     loss of     approximately $0.2     million.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Gain on land sales was $4.9 million and $3.1 million for the years ended December 31, 2017 and 2016, respectively. &nbsp; During 2017, we sold 60.5 acres of land to an independent third party for total sales price of $11.2 million. We recorded an aggregate $4.9 million gain from the land sales. During 2016, we sold a combined 129.7 acres of land located in Forney, Texas, McKinney, Texas, Farmers Branch, Texas and Nashville, Tennessee to independent third parties for a total sales price of $29.1 million.&nbsp; We recorded an aggregate $3.1 million gain from the land sales.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>&nbsp;</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Comparison of the year ended December 31, 2016 to the year ended December 31, 2015:</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">For the year ended December 31, 2016, we reported a net loss applicable to common shares of $3.8 million or ($0.25) per diluted earnings per share compared to a net loss applicable to common shares of $3.2 million or ($0.21) per diluted earnings per share for the same period ended 2015. The net loss applicable to common shares of $3.8 million during the year ended December 31, 2016, includes
        <font style="font-family: TimesNewRomanPSMT,serif;">gain on income-producing properties of $16.2 million and gain on land sales of $3.1 million compared to the prior year net loss applicable to common shares of $3.2 million which includes gain on land sales of $21.6 million,</font> a provision on the impairment of real estate assets of $5.3 million
        <font style="font-family: TimesNewRomanPSMT,serif;">and net income from discontinued operations of $0.9 million</font><b>. </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Revenues</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Rental and other property revenues were $119.7 million for the year ended December 31, 2016. This represents an increase of $15.5 million, as compared to the prior year revenues of $104.2 million. The change by segment is an increase in the apartment portfolio of $13.1 million and an increase in the commercial portfolio of $2.5 million, partially offset by a decrease of $0.1 million in the other portfolio. W
        <font style="font-family: TimesNewRomanPSMT,serif;">e purchased 12 apartment communities during the year ended December 31, 2015, which produced rental revenue of $21.7 million and $10.2 million during the years ended December 31, 2016 and 2015, respectively, for a net increase of $11.5 million. In addition, we purchased four apartment properties during 2016 that produced revenues of $2.0 million and we had a decrease in rental revenue of approximately $0.9 million for two apartment communities sold during 2016. The $2.5 million increase in revenues for the commercial portfolio was primarily due to the acquisition of a commercial building in Houston, Texas late in the second quarter of 2015. </font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Expenses</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Property operating expenses were $63.0 million for the year ended December 31, 2016. This represents an increase of $9.0 million compared to the prior year operating expenses of $54 million. The change by segment is an increase in the apartment portfolio of $5.8 million and an increase in the commercial portfolio of $2.6 million and an increase in the land portfolio of $0.7 million, partially offset by a decrease in the other portfolio of $0.2 million. The Company added a net 2,145 apartment units during 2015 and 723 units during 2016. Property operating expenses for our commercial portfolio increased $2.6 million due to the acquisition of an office building in Houston, Texas late in the second quarter of 2015.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Depreciation and amortization expenses were
    $23.8 million for the year ended December 31, 2016. This represents an increase of $2.4 million compared to prior year
    depreciation of $21.4 million. The increase is primarily due to the growth in our apartment portfolio which had an increase
    of $2.3 million year-over-year.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">General and administrative expenses were $7.1 million dollars for the year ended December 31, 2016. This represents an increase of $0.2 million compared to the prior year general and administrative expenses of $6.9 million.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">There was no provision for impairment of notes receivable, investment in real estate partnerships and real estate assets for the year ended December 31, 2017.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Net income fee was $0.3 million for the year ended December 31, 2016. This represents a decrease of $0.2 million compared to the prior year net income fee of $0.5 million. The net income fee paid to Pillar is calculated at 7.5% of net income.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Advisory fees were $10.9 million for the year ended December 31, 2016. This represents an increase of $1.1 million compared to the prior year advisory fees of $9.8 million. Advisory fees are computed based on a gross asset fee of 0.0625% per month (0.75% per annum) of the average of the gross asset value.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Other income (expense)</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Interest income was $20.5 million for the year ending December 31, 2016. This represents an increase of $3.8 million compared to the prior year interest income of $16.7 million. This increase was primarily due to the year-over-year increase in the receivable from our Advisor.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Other income was $2.1 million for the year ending December 31, 2016. This represents a decrease of $2.0 million compared to the prior year other income of $4.1 million. The increase is primarily due to a property with a negotiated settlement of a debt with the lender during 2015.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Mortgage and loan interest expense was $59.4 million for the year ended December 31, 2016. This represents an increase of $6.9 million compared to the prior year expense of $52.5 million. The change by segment is an increase in the other portfolio of $7.4 million, an increase in the apartment portfolio of $1.7 million and an increase in the commercial portfolio of $0.3 million, partially offset by a decrease in the land portfolio of $2.5 million. Within the other portfolio, the increase is due to incurring new mezzanine debt obligations during 2015. The
        <font style="font-family: TimesNewRomanPSMT,serif;">increase in the apartment portfolio was primarily due to the acquisition of new properties, partially offset by the refinancing of five loans during 2016 at lower rates. </font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: TimesNewRomanPSMT,serif;">Gain on land sales was </font>$3.1 million and $21.6 million
        <font style="font-family: TimesNewRomanPSMT,serif;">for the </font>years ended
        <font style="font-family: TimesNewRomanPSMT,serif;">December 31, 2016 and 2015, respectively. During 2016, we </font>sold a combined 129.7 acres of land located in Forney, Texas, McKinney, Texas, Farmers Branch, Texas and Nashville, Tennessee to independent third parties for a total sales price of $29.1 million. We recorded an aggregate $3.1 million gain from the land sales. During 2015, we sold approximately 595 acres of land for a sales price of $107.3 million and recorded a gain of $18.9 million. In addition, we recognized $2.7 million in deferred gain from prior years land sales during the year ended December 31, 2015.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><B>Discontinued Operations</B></P>

<P STYLE="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt 0; text-align: justify; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">Effective
January 1, 2015, the Company adopted the provisions of ASU 2014-08, which changed the criteria of ASC360 related to determining
which disposals qualify to be accounted for as discontinued operations and modified related reporting and disclosure requirements.
Disposals representing a strategic shift in operations that have a major effect on a company&rsquo;s operations and financial
results will be presented as discontinued operations.</FONT></P>

<P STYLE="margin: 0pt 0; text-align: justify; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">&nbsp;</FONT></P>

<P STYLE="margin: 0pt 0; text-align: justify; font: normal 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal; font-style: normal">There
were no sales of income-producing properties during 2017 or 2016 that met the criteria for discontinued operations. Amounts included
in discontinued operations represent the residual amounts from sales classified as discontinued operations prior to January 1,
2015. The following table summarizes revenue and expense information for the properties sold that qualified as discontinued operations
(dollars in thousands):</FONT></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 90%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman,serif; font-weight: bold;" colspan="10">For the Year Ended December 31,</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman,serif; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman,serif; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-family: Times New Roman,serif; font-weight: bold;" colspan="2">2015</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-family: Times New Roman,serif; font-weight: bold;">Revenues:</td>
            <td>&nbsp;</td>
            <td style="text-align: right;" colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: right;" colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: right;" colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 17.3pt; width: 67%; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Rental and other property revenues</td>
            <td style="padding-bottom: 1pt; width: 1%; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left; font-family: Times New Roman,serif;">$</td>
            <td style="border-bottom: Black 1pt solid; width: 8%; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; width: 1%; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left; font-family: Times New Roman,serif;">$</td>
            <td style="border-bottom: Black 1pt solid; width: 8%; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; width: 1%; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left; font-family: Times New Roman,serif;">$</td>
            <td style="border-bottom: Black 1pt solid; width: 8%; text-align: right; font-family: Times New Roman,serif;">355</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">355</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="font-family: Times New Roman,serif; font-weight: bold;">Expenses:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Property operating expenses</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">2</td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">(345)</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Depreciation</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 17.3pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">General and administrative</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">99</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Total operating expenses</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">2</td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">(246)</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font-family: Times New Roman,serif; font-weight: bold;">Other income (expense):</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Other income (expense)</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">45</td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Mortgage and loan interest</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;"></td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Loan charges and prepayment penalties</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 17.3pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Litigation settlement</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt; font-family: Times New Roman,serif;">Total other expenses</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">43</td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-family: Times New Roman,serif;">Income (loss) from discontinued operations before gain on sale of real estate and taxes</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">(2)</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">644</td>
            <td style="text-align: left; font-family: Times New Roman,serif;"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 0.125in; font-family: Times New Roman,serif;">Gain on sale of real estate from discontinued operations</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Times New Roman,serif;">735</td>
            <td style="text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left; text-indent: 0.125in; font-family: Times New Roman,serif;">Income tax expense</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">1</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;"></td>
            <td style="padding-bottom: 1pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-family: Times New Roman,serif;">(483)</td>
            <td style="padding-bottom: 1pt; text-align: left; font-family: Times New Roman,serif;"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman,serif;">Income from discontinued operations</td>
            <td style="padding-bottom: 2.5pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman,serif;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman,serif;">&#x2014;</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman,serif;"></td>
            <td style="padding-bottom: 2.5pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman,serif;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman,serif;">(1)</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman,serif;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman,serif;">896</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
    </table>
    <!-- Field: Page; ;  ; Value:  19; Sequence:  29; -->
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            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->29
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            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt"></p>
    </div>
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    <p style="color: red; margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Liquidity and Capital Resources </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>General </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our principal liquidity needs are:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">fund normal recurring expenses;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">meet debt service and principal repayment obligations including balloon payments on maturing debt;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">fund capital expenditures, including tenant improvements and leasing costs;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">fund development costs not covered under construction loans; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">fund possible property acquisitions.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our principal sources of cash have been and will continue to be:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">property operations;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">proceeds from land and income-producing property sales;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">collection of mortgage notes receivable;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">collections of receivables from related companies;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">refinancing of existing debt; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 18.35pt;">&#x25CF;</td>
            <td style="text-align: justify;">additional borrowings, including mortgage notes payable, and lines of credit.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">It is important to realize that the current status of the banking industry has had a significant effect on our industry. The banks&#x2019; willingness and/or ability to originate loans affects our ability to buy and sell property, and refinance existing debt. We are unable to foresee the extent and length of this down-turn. A continued and extended decline could materially impact our cash flows. We draw on multiple financing sources to fund our long-term capital needs. We generally fund our development projects with construction loans, which are converted to traditional mortgages upon completion of the project.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We may also issue additional equity securities, including common stock. Management anticipates that our cash as of December&nbsp;31, 2017, along with cash that will be generated in 2018 from notes and interest receivables, will be sufficient to meet all of our cash requirements. Management intends to selectively sell land and income-producing assets, refinance or extend real estate debt and seek additional borrowings secured by real estate to meet its liquidity requirements. Although history cannot predict the future, historically, we have been successful at refinancing and extending a portion of the Company&#x2019;s current maturity obligations.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Management reviews the carrying values of ARL&#x2019;s properties and mortgage notes receivable at least annually and whenever events or a change in circumstances indicate that impairment may exist. Impairment is considered to exist if, in the case of a property, the future cash flow from the property (undiscounted and without interest) is less than the carrying amount of the property. The property review generally includes: (1)&nbsp;selective property inspections, (2)&nbsp;a review of the property&#x2019;s current rents compared to market rents, (3)&nbsp;a review of the property&#x2019;s expenses, (4)&nbsp;a review of maintenance requirements, (5)&nbsp;a review of the property&#x2019;s cash flow, (6)&nbsp;discussions with the manager of the property, and (7)&nbsp;a review of properties in the surrounding area. For notes receivable, impairment is considered to exist if it is probable that all amounts due under the terms of the note will not be collected. If impairment is found to exist, a provision for loss is recorded by a charge against earnings to the extent that the investment in the note exceeds management&#x2019;s estimate of the fair value of the collateral securing such note. The mortgage note receivable review includes an evaluation of the collateral property securing each note.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;<b>Cash Flow Summary </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following summary discussion of our cash flows is based on the Consolidated Statements of Cash Flows in Part II, Item&nbsp;8. &#x201C;Consolidated Financial Statements and Supplementary Data&#x201D; and is not meant to be an all-inclusive discussion of the changes in our cash flows for the periods presented below (dollars in thousands):</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-left: 5%; width: 60%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Variance</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-family: Calibri,sans-serif;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="width: 27%; text-align: left;">Net cash provided by (used in) operating activities</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 8%; text-align: right;">(37,345</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 8%; text-align: right;">17,446</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 8%; text-align: right;">(54,791</td>
            <td style="width: 1%; text-align: left;">)&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="text-align: left;">Net cash provided by (used in) investing activities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(90,028)</td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(61,100</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(28,928)</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="text-align: left;">Net cash provided by (used in) financing activities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">152,771</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">45,944</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">106,827</td>
            <td style="text-align: left;"></td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The primary use of cash for operations is daily operating costs, general and administrative expenses, advisory fees and land holding costs. Our primary source of cash from operating activities is from rental income on properties.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <!-- Field: Page; ;  ; Value:  19; Sequence:  30; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->30
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            &nbsp;</p>
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        <p style="margin: 0pt"></p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our primary cash outlays for investing activities are for construction and development, acquisition of land and income-producing properties, and capital improvements to existing properties. Our primary sources of cash from investing activities are from the proceeds on the sale of land and income-producing properties. During the year ended December 31, 2017, we acquired
        <font style="background-color: white;">four</font> apartment properties and
        <font style="background-color: white;">four</font> developmental land properties.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our primary sources of cash from financing activities are from proceeds on notes payables. Our primary cash outlays are for recurring debt payments and payments on maturing notes payable.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Equity Investments</b><i>.</i> &nbsp;&nbsp;&nbsp;&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL has from time to time purchased shares of IOR and TCI. The Company may purchase additional equity securities of IOR and TCI through open market and negotiated transactions to the extent ARL&#x2019;s liquidity permits.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Equity securities of TCI held by ARL (and of IOR held by TCI) may be deemed &#x201C;restricted securities&#x201D; under Rule 144 of the Securities Act of 1933 (&#x201C;Securities Act&#x201D;). Accordingly, ARL may be unable to sell such equity securities other than in a registered public offering or pursuant to an exemption under the Securities Act for a one-year period after they are acquired. Such restrictions may reduce ARL&#x2019;s ability to realize the full fair value of such investments if ARL attempted to dispose of such securities in a short period of time.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Contractual Obligations </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We have contractual obligations and commitments primarily with regards to the payment of mortgages. The following table aggregates our expected contractual obligations and commitments and includes items not accrued, per GAAP, through the term of the obligation such as interest expense and operating leases. Our aggregate obligations subsequent to December&nbsp;31, 2017 are shown in the table below (dollars in thousands):</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-right: 10%; width: 90%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; font-family: Calibri,sans-serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Total</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2018</td>
            <td>&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2019</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2020</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2021-2022</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Thereafter</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 40%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Long-term debt obligation <sup>(1)</sup></font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 7%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,816,157</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 7%; text-align: right;">112,934</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 7%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">128,510</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 7%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">91,459</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 7%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">97,387</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 7%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,385,867</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Operating lease obligation</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">30,941</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">504</td>
            <td>&nbsp;</td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">514</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">524</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,603</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">27,796</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Total</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,847,098</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">113,438</td>
            <td>&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">129,024</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">91,983</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">98,990</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,413,663</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: left; font: 10pt Sans-Serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 80%; font: 10pt Sans-Serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif;"><sup>(1)</sup></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif;">ARL&#x2019;s long-term debt may contain financial covenants that, if certain thresholds are not met, could allow the lender to accelerate principal payments or cause the note to become due immediately.</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: left; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;"><b>Environmental Matters </b></p>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under various federal, state and local environmental laws, ordinances and regulations, ARL may be potentially liable for removal or remediation costs, as well as certain other potential costs relating to hazardous or toxic substances (including governmental fines and injuries to persons and property) where property-level managers have arranged for the removal, disposal or treatment of hazardous or toxic substances. In addition, certain environmental laws impose liability for release of asbestos-containing materials into the air, and third parties may seek recovery for personal injury associated with such materials.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Management is not aware of any environmental liability relating to the above matters that would have a material adverse effect on ARL&#x2019;s business, assets or results of operations.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Inflation </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The effects of inflation on ARL&#x2019;s operations are not quantifiable. Revenues from property operations tend to fluctuate proportionately with inflationary increases and decreases in housing costs. Fluctuations in the rate of inflation also affect the sales values of properties and the ultimate gains to be realized from property sales. To the extent that inflation affects interest rates, earnings from short-term investments and the cost of new financings as well as the cost of variable interest rate debt will be affected.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 73.4pt; text-align: justify; text-indent: -73.45pt; font: 10pt Times New Roman,serif;"><a name="arl10ka012"></a><b>ITEM&nbsp;7A. <i>QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. </i></b></p>
    <p style="margin: 0pt 0 0pt 73.4pt; text-align: justify; text-indent: -73.45pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL&#x2019;s primary market risk exposure consists of changes in interest rates on borrowings under our debt instruments that bear interest at variable rates that fluctuate with market interest rates and maturing debt that has to be refinanced. ARL&#x2019;s future operations, cash flow and fair values of financial instruments are also partially dependent on the then existing market interest rates and market equity prices.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">As of December 31, 2017, our $867.7 million debt portfolio consisted of approximately $827.9 million fixed-rate debt and approximately $39.8 million variable-rate debt with interest rates ranging from 4.75% to 12.0%. Our overall weighted average interest rate at December 31, 2017 and 2016 was 4.91% and 4.91%, respectively. &nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">ARL&#x2019;s interest rate sensitivity position is managed by the capital markets department. Interest rate sensitivity is the relationship between changes in market interest rates and the fair value of market rate sensitive assets and liabilities. ARL&#x2019;s earnings are affected as changes in short-term interest rates affect its cost of variable-rate debt and maturing fixed-rate debt.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <!-- Field: Page; ;  ; Value:  19; Sequence:  31; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->31
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            &nbsp;</p>
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        <p style="margin: 0pt"></p>
    </div>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">If market interest rates for variable-rate debt average 100 basis points more in 2017 than they did during 2016, ARL&#x2019;s interest expense would increase and net income would decrease by $0.8 million. This amount is determined by considering the impact of hypothetical interest rates on ARL&#x2019;s borrowing cost. The analysis does not consider the effects of the reduced level of overall economic activity that could exist in such an environment. Further, in the event of a change of such magnitude, management would likely take actions to further mitigate its exposure to the change. However, due to the uncertainty of the specific actions that would be taken and their possible effects, the sensitivity analysis assumes no change in ARL&#x2019;s financial structure.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following table contains only those exposures that existed at December 31, 2017. Anticipation of exposures of risk on positions that could possibly arise was not considered. ARL&#x2019;s ultimate interest rate risk and its effect on operations will depend on future capital market exposures, which cannot be anticipated with a probable assurance level (dollars are in thousands):</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2018</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2019</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2020</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2021</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2022</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Thereafter</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Total</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Assets</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;"></td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt;">Market securities at fair value</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Note Receivable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; width: 37%; text-align: left; text-indent: -8.65pt;">Fixed interest rate - fair value</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 6%; text-align: right;"></td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 6%; text-align: right;"></td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 6%; text-align: right;"></td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 6%; text-align: right;"></td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 6%; text-align: right;"></td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 6%; text-align: right;"></td>
            <td style="width: 1%; text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 6%; text-align: right;">117,913</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt;">Instruments&#x2019; maturities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">47,013</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">496</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">5,907</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">174</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">64,322</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">117,913</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt;">Instruments&#x2019; amortization</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-indent: -8.65pt;">Interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9,646</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7,288</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7,225</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,516</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,499</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">77,989</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">115,164</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-indent: -8.65pt;">Average Rate</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.18</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.42</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.41</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.26</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.26</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">10.10</td>
            <td style="text-align: left;">%</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2018</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2019</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2020</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2021</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2022</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman,serif; font-size: 10pt;"><b>Thereafter</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman,serif; font-size: 10pt;"><b>Total</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Notes Payable</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt;">Variable interest rate - fair value</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;"></td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;"></td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;"></td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;"></td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;"></td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;"></td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">40,035</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt;">Variable interest rate notes</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;"></td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt;">Instrument&#x2019;s maturities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">30,816</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">30,816</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt;">Instrument&#x2019;s amortization</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7,444</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">620</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">231</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">241</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">159</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">524</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9,219</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-indent: -8.65pt;">Interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,878</td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,726</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">74</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">59</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">46</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">584</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,367</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-indent: -8.65pt;">Average Rate</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5.44</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5.37</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6.44</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6.47</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6.50</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6.50</td>
            <td style="text-align: left;">%</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 17.3pt; text-align: left; text-indent: -8.65pt;">Fixed interest rate - fair value</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left; font-family: Calibri, sans-serif;">$</td>
            <td style="text-align: right; font-family: Calibri, sans-serif;">876,702</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt;">Instrument&#x2019;s maturities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">4,151</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">231</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">9,509</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">35,921</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">0</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">11,031</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">60,843</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-align: left; text-indent: -8.65pt;">Instrument&#x2019;s amortization</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">68,244</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">69,467</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">60,386</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12,644</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11,045</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">594,073</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">815,859</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-indent: -8.65pt;">Interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">32,167</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">26,600</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">21,259</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">19,617</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">17,655</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">779,749</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">897,047</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 25.9pt; text-indent: -8.65pt;">Average Rate</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5.91</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5.19</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4.10</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3.80</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3.67</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3.57</td>
            <td style="text-align: left;">%</td>
            <td style="font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: right; font-family: Calibri,sans-serif;">&nbsp;</td>
            <td style="text-align: left; font-family: Calibri,sans-serif;">&nbsp;</td>
        </tr>
    </table>
    <!-- Field: Page; ;  ; Value:  19; Sequence:  32; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->32
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt"></p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
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            <td style="width: 0.75in; font: 10pt Times New Roman, Times, Serif;"><a name="arl10ka013"></a>
                <font style="font-family: Times New Roman, Times, Serif;"><b>ITEM&nbsp;8.</b></font>
            </td>
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif;"><b><i>CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA </i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin-bottom: 0pt; margin-top: 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>INDEX TO FINANCIAL STATEMENTS</b></font>
    </p>
    <p style="margin: 0pt 0 0pt 2in; text-align: justify; text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; width: 93%; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 7%; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                    <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Page</b></font>
                </p>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Financial Statements</b></font>
            </td>
            <td style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb001">Report of Independent Registered Public Accounting Firm </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">34</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb002">Consolidated Balance Sheets&#x2014;December 31, 2017 and 2016 </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">35</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb003">Consolidated Statements of Operations&#x2014;Years Ended December 31, 2017, 2016 and 2015 </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">36</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb004">Consolidated Statements of Shareholders&#x2019; Equity&#x2014;Years Ended December 31, 2017, 2016 and 2015 </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">37</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb005">Consolidated Statements of Cash Flows&#x2014;Years Ended December 31, 2017, 2016 and 2015 </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">38</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb006">Statements of Consolidated Comprehensive Income (Loss) &#x2014;Years Ended December 31, 2017, 2016 and 2015 </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">39</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb007">Notes to Consolidated Financial Statements </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">40</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Financial Statement Schedules</b></font>
            </td>
            <td style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb008">Schedule III&#x2014;Real Estate and Accumulated Depreciation </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">62</font>
            </td>
        </tr>
        <tr style="font: 10pt Times New Roman, Times, Serif;">
            <td style="padding-left: 8.65; vertical-align: top; text-align: justify; text-indent: -8.65; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><a href="#arl10kb009">Schedule IV&#x2014;Mortgage Loan Receivables on Real Estate </a></font>
            </td>
            <td nowrap style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">66</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">All other schedules are omitted because they are not required, are not applicable, or the information required is included in the Consolidated Financial Statements or the notes thereto.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
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            &nbsp;</p>
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        <p style="margin: 0pt"></p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>&nbsp;</b></font>
    </p>
    <p style="text-align: center;"><strong><a name="arl10kb001"></a>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</strong></p>
    <p style="margin: 0in 0 0pt;">To the Board of Directors of and</p>
    <p style="margin: 0in 0 0pt;">Stockholders of American Realty Investors, Inc.</p>
    <p style="margin: 0in 0 0pt;">Dallas, Texas</p>
    <p style="margin: 0in -27.0pt .0001pt -.25in;">&nbsp;</p>
    <p style="margin: 0in 0 0pt;"><strong>Opinion on the Financial Statements</strong></p>
    <p style="margin: 0in 0 0pt; text-align: justify;">We have audited the accompanying consolidated balance sheets of American Realty Investors, Inc. and Subsidiaries as of December 31, 2017 and 2016, and the related consolidated statements of operations, comprehensive income, stockholders&#x2019; equity, and cash flows for each of the years in the three-year period ended December 31, 2017, and the related notes and schedules collectively referred to as the &#x201C;consolidated financial statements.&#x201D; In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of American Realty Investors, Inc. as of December 31, 2017 and 2016 and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2017 in conformity with U.S. generally accepted accounting principles.</p>
    <p style="margin: 0in 0 0pt;">&nbsp;</p>
    <p style="margin: 0in 0 0pt;"><strong>Basis of Opinion</strong></p>
    <p style="margin: 0in 0 0pt; text-align: justify;">These consolidated financial statements are the responsibility of Company&#x2019;s. management. Our responsibility is to express an opinion on the Company&#x2019;s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (&#x201C;PCAOB&#x201D;) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</p>
    <p style="margin: 6pt 0; text-align: justify;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company&#x2019;s internal control over financial reporting. Accordingly, we express no such opinion.</p>
    <p style="margin: 0in 0 0pt; text-align: justify;">Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</p>
    <p style="margin: 0in 0 0pt;">&nbsp;</p>
    <p style="margin: 0in 0 0pt;"><strong>Emphasis of Liquidity</strong></p>
    <p style="margin: 0in 0 0pt; text-align: justify;">As described in the Note 14, American Realty Investors, Inc.&#x2019;s management intends to sell land and income-producing properties and refinance or extend debt secured by real estate to meet the Company&#x2019;s liquidity needs.</p>
    <p style="margin: 0in 0 0pt;">&nbsp;</p>
    <p style="margin: 0in 0 0pt;"><b>Supplemental Information</b></p>
    <p style="margin: 0in 0 0pt; text-align: justify;">The supplemental information contained in Schedules III and IV has been subjected to audit procedures performed in conjunction with the audit of the Company&#x2019;s financial statements. The supplemental information is the responsibility of the Company&#x2019;s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Security and Exchange Commission&#x2019;s rules. In our opinion, the supplemental information is fairly stated, in all material respects, the financial date required to be set forth therein in relation to the financial statements as a whole.</p>
    <p style="margin: 0in 0 0pt;">&nbsp;</p>
    <p style="margin: 0in 0 0pt;">&nbsp;</p>
    <p style="margin: 0in 0 0pt;">FARMER, FUQUA &#38; HUFF, PC</p>
    <p style="margin-right: 0;">&nbsp;</p>
    <p style="margin: 0in 0 0pt;">Richardson, Texas</p>
    <p style="margin: 0in 0 0pt;">March 30, 2018</p>
    <p style="margin: 0in -27.0pt .0001pt -.25in; text-align: justify;">&nbsp;</p>
    <p style="margin: 0in 0 0pt; text-align: justify;">We have served as the Company&#x2019;s auditor since 2004.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <!-- Field: Page; ;  ; Value:  33; Sequence:  34; -->
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            &nbsp;</p>
    </div>
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        <p style="margin: 0pt"></p>
    </div>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;"><a name="arl10kb002"></a>
        <font style="font-family: Times New Roman, Times, Serif;"><b>AMERICAN REALTY INVESTORS, INC. &nbsp;</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>CONSOLIDATED BALANCE SHEETS </b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">December 31,</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">December 31,</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="6">(dollars in thousands, except share and par value amounts)</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: center; font-weight: bold;">Assets</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; width: 74%; text-align: left; text-indent: -8.65pt;">Real estate, at cost</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">1,117,429</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">1,017,684</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Real estate subject to sales contracts at cost, net of depreciation</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">48,234</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">48,919</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Less accumulated depreciation</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(177,546</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(165,597</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Total real estate</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">988,117</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">901,006</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Notes and interest receivable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Performing (including $69,320 in 2017 and $125,799 in 2016 from related parties)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">97,775</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">143,601</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Non-Performing (including $30,090 in 2017 from related parties)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">30,090</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Less allowance for estimated losses (including $14,269 in 2017 and $15,537 in 2016 from related parties)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(15,770</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(17,037</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Total notes and interest receivable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">112,095</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">126,564</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Cash and cash equivalents</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">42,920</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">17,522</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Restricted cash</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">45,618</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">38,399</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Investments in unconsolidated subsidiaries and investees</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,396</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,087</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Receivable from related party</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">38,311</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">24,672</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Other assets</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">63,263</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">60,659</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Total assets</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">1,296,720</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">1,174,909</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: center; font-weight: bold;">Liabilities and Shareholders&#x2019; Equity</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">Liabilities:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Notes and interest payable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">898,750</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">845,107</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Notes related to assets held for sale</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">376</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">376</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Notes related to assets subject to sales contracts</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,957</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5,612</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Bonds and interest payable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">113,049</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Deferred revenue (including $56,887 in 2017 and $70,935 in 2016 from sales to related parties)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">77,332</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">91,380</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Accounts payable and other liabilities (including $11,893 in 2017 and $10,854 in 2016 to related parties)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">39,373</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">56,303</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: right; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,130,837</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">998,778</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Shareholders&#x2019; equity:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 2,000,614 shares in 2017 and 2016 (liquidation preference $10 per share), including 900,000 shares in 2017 and 2016 held by ARL</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,205</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,205</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Common stock, $0.01 par value, authorized 100,000,000 shares; issued 15,930,145 shares and outstanding 15,514,360 shares in 2017 and 2016, including 140,000 shares held by TCI (consolidated) in 2017 and 2016</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">159</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">159</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Treasury stock at cost; 415,785 shares in 2017 and 2016, and 140,000 shares held by TCI (consolidated) as of 2017 and 2016</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(6,395</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(6,395</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Paid-in capital</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">110,138</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">111,510</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Retained earnings</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">5,967</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">14,398</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Total American Realty Investors, Inc. shareholders&#x2019; equity</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">112,074</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">121,877</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Non-controlling interest</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">53,809</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">54,254</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Total equity</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">165,883</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">176,131</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Total liabilities and equity</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">1,296,720</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">1,174,909</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; font: 12pt Times New Roman, Times, Serif;">&nbsp;</p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 12pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The accompanying notes are an integral part of these consolidated financial statements.</font>
    </p>
    <p style="margin: 0pt 0; font: 12pt Times New Roman, Times, Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <!-- Field: Page; ;  ; Value:  33; Sequence:  35; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->35
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            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt"></p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;"><a name="arl10kb003"></a>
        <font style="font-family: Times New Roman, Times, Serif;"><b>AMERICAN REALTY INVESTORS, INC. &nbsp;</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>CONSOLIDATED STATEMENTS OF OPERATIONS </b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="10">For the Years Ended December 31,</td>
            <td style="text-align: center;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2015</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="10"><b>(dollars in thousands, except per share amounts)</b></td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt; font-weight: bold;">Revenues:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; width: 61%; text-align: left; text-indent: -8.65pt;">Rental and other property revenues (including $839, $708 and $726 for the year ended 2017, 2016 and 2015, respectively, from related parties)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">126,221</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">119,663</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">104,188</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt; font-weight: bold;">Expenses:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Property operating expenses (including $959, $900 and $770 for the year ended 2017, 2016 and 2015, respectively, from related parties)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">64,091</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">62,950</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">54,002</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-indent: -8.65pt;">Depreciation</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">25,679</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">23,785</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">21,418</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">General and administrative (including $3,225, $4,053 and $3,855 for the year ended 2017, 2016 and 2015, respectively, from related parties)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7,691</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7,119</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,893</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Provision on impairment of real estate assets</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5,300</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Net income fee to related party</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">250</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">257</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">492</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Advisory fee to related party</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">11,082</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">10,918</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">9,775</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Total operating expenses</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">108,793</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">105,029</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">97,880</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Operating income</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">17,428</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">14,634</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,308</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; font-weight: bold;">Other income (expense):</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Interest income (including $16,298, $18,864 and $15,859 for the year ended 2017, 2016 and 2015, respectively, from related parties)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">18,941</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">20,453</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">16,674</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Other income</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,082</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,091</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,106</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Mortgage and loan interest (including $6,695, $5,300 and $3,774 for the year ended 2017, 2016 and 2015, respectively, from related parties)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(66,171</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(59,362</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(52,477</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Loss on the sale of investments</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(331</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Earnings from unconsolidated subsidiaries and investees</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">309</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">493</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">428</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Foreign currency translation loss</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(4,536</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Litigation settlement</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(352</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Total other expenses</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(47,706</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(36,325</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(31,622</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Loss before gain on sales, non-controlling interest and taxes</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(30,278</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(21,691</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(25,314</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Gain on sale of income-producing properties
            (including recognition of $14,048, $0, and $0 previously deferred gains in 2017, 2016, 2015, respectively) </td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">16,698</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">16,207</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Gain on land sales</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">4,884</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">3,121</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">21,648</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Loss from continuing operations before tax</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,696</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,363</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,666</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Income tax benefit (expense)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(180</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(46</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(517</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Net (loss) from continuing operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(8,876</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(2,409</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(4,183</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Discontinued operations:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Income (loss) from discontinued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">644</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Gain on sale of real estate from discontinued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">735</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Income tax expense from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">1</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(483</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Net income (loss) from discontinued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">896</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Net (loss)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,876</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,410</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,287</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Net income (loss)&nbsp;&nbsp;attributable to non-controlling interests</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">445</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(322</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">1,327</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Net (loss) attributable to American Realty Investors, Inc.</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,431</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,732</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,960</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Preferred dividend requirement</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,105</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,101</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,216</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Net (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(9,536</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(3,833</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(3,176</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-indent: -8.65pt; font-weight: bold;">Earnings per share - basic</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Loss from continuing operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.61</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.25</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.27</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">0.05</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Net (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.61</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.25</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.22</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-indent: -8.65pt; font-weight: bold;">Earnings per share - diluted</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Loss from continuing operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.61</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.25</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.27</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">0.05</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Net (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.61</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.25</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.22</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-indent: -8.65pt;">Weighted average common shares used in computing earnings per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,111,107</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-indent: -8.65pt;">Weighted average common shares used in computing diluted earnings per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,111,107</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt; font-weight: bold;">Amounts attributable to American Realty Investors, Inc.</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Loss from continuing operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(8,431</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(2,731</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(2,856</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Income (loss) from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">896</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Net income (loss)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(8,431</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(2,732</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(1,960</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 12pt Times New Roman, Times, Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The accompanying notes are an integral part of these consolidated financial statements.</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <!-- Field: Page; ;  ; Value:  33; Sequence:  36; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->36
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt"></p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>AMERICAN REALTY INVESTORS, INC. &nbsp;</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;"><a name="arl10kb004"></a>
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>CONSOLIDATED STATEMENTS OF SHAREHOLDERS&#x2019; EQUITY </b>&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>For the Three Years Ended December 31, 2017</b>&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>(dollars in thousands)&nbsp;</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <table style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;" colspan="2">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;" colspan="2">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;" colspan="2">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">Common Stock</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;" colspan="2">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;" colspan="2">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;" colspan="2">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;" colspan="2">Non-controlling</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Total
                <br> Capital</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Comprehensive Loss</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Preferred Stock</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Shares</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Amount</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Treasury Stock</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Paid-in Capital</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Retained Earnings</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Controlling Interest</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; width: 17%; text-indent: -8.65pt; font-weight: bold;">Balance, December 31, 2014</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 6%; text-align: right;">179,588</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 7%; text-align: right;">(53,040</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 6%; text-align: right;">3,126</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 6%; text-align: right;">14,443,404</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 6%; text-align: right;">141</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 6%; text-align: right;">(6,395</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 6%; text-align: right;">108,378</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 6%; text-align: right;">19,090</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 7%; text-align: right;">55,248</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Net (loss)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,287</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,287</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,960</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,327</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Contribution from non-controlling interests</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Assumption of non-controlling interests</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(470</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(470</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Conversion of preferred stock into common stock</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,263</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(921</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,486,741</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,169</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Series A preferred stock cash dividend ($1.00 per share)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,216</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,216</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 8.65pt; text-indent: -8.65pt; font-weight: bold;">Balance, December 31, 2015</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">176,889</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(56,327</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">2,205</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">15,930,145</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">156</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(6,395</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">109,861</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">17,130</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">53,932</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Net income (loss)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,410</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,410</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,732</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">322</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Assumption of non-controlling interests</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(268</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(268</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Sale of non-controlling interests</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,021</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,018</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Series A preferred stock cash dividend ($1.00 per share)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,101</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,101</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 8.65pt; text-indent: -8.65pt; font-weight: bold;">Balance, December 31, 2016</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">176,131</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(58,737</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">2,205</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">15,930,145</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">159</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(6,395</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">111,510</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">14,398</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">54,254</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Net (loss)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,876</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,876</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,431</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(445</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Assumption of non-controlling interests</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(267</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(267</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Series A preferred stock cash dividend ($1.00 per share)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,105</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,105</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 8.65pt; text-indent: -8.65pt; font-weight: bold;">Balance, December 31, 2017</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">165,883</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(67,613</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">2,205</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;"></td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">15,930,145</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">159</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(6,395</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">110,138</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">5,967</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">53,809</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; font: 12pt Times New Roman, Times, Serif;">&nbsp;&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The accompanying notes are an integral part of these consolidated financial statements.</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <!-- Field: Page; ;  ; Value:  33; Sequence:  37; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->37
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt"></p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>AMERICAN REALTY INVESTORS, INC. </b>&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;"><a name="arl10kb005"></a>
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>CONSOLIDATED STATEMENTS OF CASH FLOWS</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="10">For the Years Ended December 31,</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2015</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="10">(dollars in thousands)</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; font-weight: bold;">Cash Flow From Operating Activities:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; width: 61%; text-align: left; text-indent: -8.65pt;">Net (loss)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">(8,876</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">(2,410</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">(3,287</td>
            <td style="width: 1%; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Adjustments to reconcile net income (loss) applicable to common shares to net cash provided by (used in) operating activities:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Gain on sale of land</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(4,884</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,121</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(21,648</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Gain on sale of income-producing properties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(16,698</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(16,207</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(735</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Depreciation and amortization</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">25,679</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">23,785</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">21,418</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Provision on impairment of notes receivable and real estate assets</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">558</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5,300</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Amortization of deferred borrowing costs</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,591</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,357</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,842</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Amortization of Series A bond issuance costs</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">971</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Losses from unconsolidated subsidiaries and investees</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(309</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">493</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,327</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">(Increase) decrease in assets:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Accrued interest receivable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(581</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,151</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,242</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Other assets</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11,751</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,343</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,683</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Prepaid expense</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(15,192</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(9,222</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(13,851</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-indent: -8.65pt;">Escrow</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,584</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7,584</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,261</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Earnest money</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">856</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(571</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,193</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Rent receivables</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(425</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,844</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2,168</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Increase (decrease) in liabilities:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Accrued interest payable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,599</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,475</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(255</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.5in; text-align: left; text-indent: -8.65pt;">Related party payables</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(12,871</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(706</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(11,027</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.375in; text-align: left; text-indent: -8.65pt;">Other liabilities</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(16,930</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">10,639</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(11,412</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.625in; text-align: left; text-indent: -8.65pt;">Net cash provided by (used in) operating activities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(37,345</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">17,446</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(34,509</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; font-weight: bold;">Cash Flow From Investing Activities:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Proceeds from notes receivables</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">30,233</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,532</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">14,744</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Origination of notes receivables</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(15,741</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(11,703</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(18,055</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Acquisition of land held for development</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(12,508</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Acquisition of income producing properties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(37,044</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(79,736</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(207,313</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Proceeds from sale of income producing properties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,623</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">21,850</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Proceeds from sale of land</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,301</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">29,128</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">108,356</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Investment in unconsolidated real estate entities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(267</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,278</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,086</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Improvement of land held for development</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,986</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,023</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(6,158</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Improvement of income producing properties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(5,998</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,955</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Sale of non-controlling interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(336</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Sale of controlling interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,021</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Construction and development of new properties</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(76,147</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(10,941</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(16,717</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.625in; text-align: left; text-indent: -8.65pt;">Net cash (used in) investing activities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(90,028</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(61,100</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(130,348</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; font-weight: bold;">Cash Flow From Financing Activities:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Proceeds from Series A bonds payable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">115,337</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Proceeds from notes payable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">135,116</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">242,215</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">412,326</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Recurring amortization of principal on notes payable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(86,091</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(22,851</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(26,668</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Payments on maturing notes payable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(173,160</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(195,549</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Debt assumption by buyer</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(16,688</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Deferred financing costs</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,599</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">841</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(6,734</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Distributions to non-controlling interests</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Bond issuance costs</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(6,887</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Preferred stock dividends - Series A</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,105</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,101</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,216</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.25in; text-align: left; text-indent: -8.65pt;">Conversion of preferred stock into common stock</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">2,308</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.625in; text-align: left; text-indent: -8.65pt;">Net cash provided by&nbsp;&nbsp;financing activities</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">152,771</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">45,944</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">167,790</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Net increase (decrease) in cash and cash equivalents</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">25,398</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,290</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,933</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Cash and cash equivalents, beginning of period</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">17,522</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">15,232</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">12,299</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Cash and cash equivalents, end of period</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">42,920</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">17,522</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">15,232</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-indent: -8.65pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt; font-weight: bold;">Supplemental disclosures of cash flow information:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Cash paid for interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">55,976</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">50,945</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">44,672</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 8.65pt; text-align: left; text-indent: -8.65pt;">Cash paid for taxes</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 12pt Times New Roman, Times, Serif;">&nbsp;&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The accompanying notes are an integral part of these consolidated financial statements.</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <!-- Field: Page; ;  ; Value:  33; Sequence:  38; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">
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            &nbsp;</p>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>AMERICAN REALTY INVESTORS, INC.</b>&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;"><a name="arl10kb006"></a>
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)</b>&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>For the Three Years Ended December 31,</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2015</td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="10">(dollars in thousands)</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 61%; text-align: left;">Net (loss)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">(8,876</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">(2,410</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 9%; text-align: right;">(3,287</td>
            <td style="width: 1%; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left;">Comprehensive income (loss)&nbsp;&nbsp;loss attributable to non-controlling interest</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">445</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(322</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">1,327</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">Comprehensive (loss) attributable to American Realty Investors, Inc.</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(8,431</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(2,732</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(1,960</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; font: 12pt Times New Roman, Times, Serif;">&nbsp;
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The accompanying notes are an integral part of these consolidated financial statements.</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><a name="arl10kb007"></a><b>AMERICAN REALTY INVESTORS, INC. </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>NOTES TO FINANCIAL STATEMENTS </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The accompanying Consolidated Financial Statements of American Realty Investors, Inc. &#x201C;ARL&#x201D; and consolidated entities have been prepared in conformity with accounting principles generally accepted in the United States of America, the most significant of which are described in Note 1. &#x201C;Organization and Summary of Significant Accounting Policies.&#x201D; The Notes to Consolidated Financial Statements are an integral part of the Consolidated Financial Statements. The data presented in the Notes to Consolidated Financial Statements are as of December&nbsp;31 of each year and for the year then ended, unless otherwise indicated. Dollar amounts in tables are in thousands, except per share amounts.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Certain balances for 2016 and 2015 have been reclassified to conform to the 2017 presentation.&nbsp;&nbsp;</p>
    <p style="margin: 0pt 0 0pt 55.05pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;"><b>NOTE 1.</b></td>
            <td style="text-align: justify;"><b><i>ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</i></b></td>
        </tr>
    </table>
    <p style="margin: 0pt 0 0pt 55.05pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Organization and business.</i></b><i>&nbsp;&nbsp;&nbsp;</i></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company, a Nevada corporation that was formed in 1999, is headquartered in Dallas, Texas and its common stock trades on the New York Stock Exchange (&#x201C;NYSE American&#x201D;) under the symbol &#x201C;ARL&#x201D;. Over 80% of ARL&#x2019;s stock is owned by related party entities. ARL and a subsidiary own approximately 77.68% of the outstanding shares of common stock of Transcontinental Realty Investors, Inc. &#x201C;TCI&#x201D;, a Nevada corporation, whose common stock is traded on the NYSE American under the symbol &#x201C;TCI&#x201D;.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">TCI, a subsidiary of ARL, owns approximately 81.25% of the common stock of Income Opportunity Realty Investors, Inc. &#x201C;IOR&#x201D;. Effective July 17, 2009, IOR&#x2019;s financial results were consolidated with those of ARL and TCI and their subsidiaries. IOR&#x2019;s common stock is traded on the New York Stock Exchange (&#x201C;NYSE American&#x201D;) under the symbol &#x201C;IOR&#x201D;.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL&#x2019;s Board of Directors are responsible for directing the overall affairs of ARL and for setting the strategic policies that guide the Company. As of April 30, 2011, the Board of Directors delegated the day-to-day management of the Company to Pillar Income Asset Management, Inc. (&#x201C;Pillar&#x201D;), a Nevada corporation, under a written Advisory Agreement that is reviewed annually by ARL&#x2019;s Board of Directors. The directors of ARL are also directors of TCI and IOR. The Chairman of the Board of Directors of ARL also serves as the Chairman of the Board of Directors of TCI and IOR. The officers of ARL also serve as officers of TCI, IOR and Pillar.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Since April 30, 2011, Pillar, the sole shareholder of which is Realty Advisors, LLC, a Nevada limited liability company, the sole member of which is Realty Advisors, Inc. &#x201C;RAI&#x201D;, a Nevada corporation, the sole shareholder of which is May Realty Holdings, Inc. (&#x201C;MRHI&#x201D;, formerly known as Realty Advisors Management, Inc. &#x201C;RAMI&#x201D;, effective August 7, 2014), a Nevada corporation, the sole shareholder of which is a trust known as the May Trust, became the Company&#x2019;s external Advisor and Cash Manager.&nbsp; Pillar&#x2019;s duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities. Pillar also arranges, for the Company&#x2019;s benefit, debt and equity financing with third party lenders and investors. Pillar also serves as an Advisor and Cash Manager to TCI and IOR.&nbsp; As the contractual advisor, Pillar is compensated by ARL under an Advisory Agreement that is more fully described in Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; The Advisor&#x201D;.&nbsp; ARL has no employees. Employees of Pillar render services to ARL in accordance with the terms of the Advisory Agreement.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Regis Realty Prime, LLC, dba Regis Property Management, LLC (&#x201C; Regis&#x201D;), the sole member of which is Realty Advisors, LLC, manages our commercial and provides brokerage services. Regis receives property management fees and leasing commissions in accordance with the terms of its property-level management agreement. Regis is also entitled to receive real estate brokerage commissions in accordance with the terms of a non-exclusive brokerage agreement. See Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; Property Management and Real Estate Brokerage&#x201D;. ARL engages third-party companies to lease and manage its apartment properties.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">On January 1, 2012, the Company&#x2019;s subsidiary, TCI, entered into a development agreement with Unified Housing Foundation, Inc. &#x201C;UHF&#x201D; a non-profit corporation that provides management services for the development of residential apartment projects in the future. This development agreement was terminated December 31, 2013. The Company has also invested in surplus cash notes receivables from UHF and has sold several residential apartment properties to UHF in prior years. Due to this ongoing relationship and the significant investment in the performance of the collateral secured under the notes receivable, UHF has been determined to be a related party.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Southern Properties Capital Ltd. a British Virgin Island corporation (&#x201C;Southern&#x201D;), is a wholly owned subsidiary of TCI that was incorporated on August 16, 2016 for the purpose of raising funds by issuing debentures that cannot be converted into shares on the Tel-Aviv Stock Exchange(&#x201C;TASE&#x201D;) . Southern operates in the United States and is primarily involved in investing in, developing, constructing and operating income-producing properties of multi-family residential real estate assets. Southern is included in the consolidated financial statements of TCI.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our primary business is the acquisition, development and ownership of income-producing residential and commercial real estate properties. In addition, we opportunistically acquire land for future development in in-fill or high-growth suburban markets. From time to time and when we believe it appropriate to do so, we will also sell land and income-producing properties. We generate revenues by leasing apartment units to residents, and leasing office and retail space to various for-profit businesses as well as certain local, state and federal agencies. We also generate revenues from gains on sales of income-producing properties and land. At December 31, 2017, we owned fifty-one residential apartment communities comprising of 8,427 units, seven commercial properties comprising an aggregate of approximately 1.7 million rentable square feet, and an investment in 3,666 acres of undeveloped and partially developed land, and a golf course comprising approximately 96.1 acres.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Basis of presentation</i></b><i>.&nbsp;&nbsp;&nbsp;&nbsp;</i>The Company presents its financial statements in accordance with generally accepted accounting principles in the United States (&#x201C;GAAP&#x201D;). The accompanying Consolidated Financial Statements include our accounts, our subsidiaries, generally all of which are wholly-owned, and all entities in which we have a controlling interest. Arrangements that are not controlled through voting or similar rights are accounted for as a Variable Interest Entity (VIE), in accordance with the provisions and guidance of ASC Topic 810 &#x201C;Consolidation&#x201D;, whereby we have determined that we are a primary beneficiary of the VIE and meet certain criteria of a sole general partner or managing member as identified in accordance with Emerging Issues Task Force (&#x201C;EITF&#x201D;) Issue 04-5, Investor&#x2019;s Accounting for an Investment in a Limited Partnership when the Investor is the Sole General Partner and the Limited Partners have Certain Rights (&#x201C;EITF 04-5&#x201D;). VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders as a group lack adequate decision making ability, the obligation to absorb expected losses or residual returns of the entity, or have voting rights that are not proportional to their economic interests. The primary beneficiary generally is the entity that provides financial support and bears a majority of the financial risks, authorizes certain capital transactions, or makes operating decisions that materially affect the entity&#x2019;s financial results. All significant intercompany balances and transactions have been eliminated in consolidation.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In determining whether we are the primary beneficiary of a VIE, we consider qualitative and quantitative factors, including, but not limited to: the amount and characteristics of our investment; the obligation or likelihood for us or other investors to provide financial support; our and the other investors&#x2019; ability to control or significantly influence key decisions for the VIE; and the similarity with and significance to the business activities of us and the other investors. Significant judgments related to these determinations include estimates about the current future fair values and performance of real estate held by these VIEs and general market conditions.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">For entities in which we have less than a controlling financial interest or entities where it is not deemed to be the primary beneficiary, the entities are accounted for using the equity method of accounting. Accordingly, our share of the net earnings or losses of these entities is included in consolidated net income. Our investment in Gruppa Florentina, LLC is accounted for under the equity method.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company in accordance with the VIE guidance in ASC 810 &#x201C;Consolidations&#x201D; consolidates fifty-one and fifty multifamily residential properties located throughout the United States at December 31, 2017 and 2016, respectively, with total units of 8,427 and 8,226, respectively.&nbsp; Assets totaling approximately
        <font style="background-color: white;">$483.7</font>&nbsp;million&nbsp;and approximately $442 million at December 31, 2017 and 2016, respectively,&nbsp;were consolidated and included in &#x201C;Real estate, at cost&#x201D; on the balance sheet and are all collateral for their respective mortgage notes payable, none of which are recourse to the partnership in which they are in or to the Company.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Real estate, depreciation, and impairment</i>.</b><i>&nbsp;&nbsp;&nbsp;&nbsp;</i>Real estate assets are stated at the lower of depreciated cost or fair value, if deemed impaired. Major replacements and betterments are capitalized and depreciated over their estimated useful lives. Depreciation is computed on a straight-line basis over the useful lives of the properties (buildings and improvements&#x2014;10-40 years; furniture, fixtures and equipment&#x2014;5-10 years). We continually evaluate the recoverability of the carrying value of its real estate assets using the methodology prescribed in ASC Topic 360, &#x201C;Property, Plant and Equipment,&#x201D; Factors considered by management in evaluating impairment of its existing real estate assets held for investment include significant declines in property operating profits, annually recurring property operating losses and other significant adverse changes in general market conditions that are considered permanent in nature. Under ASC Topic 360, a real estate asset held for investment is not considered impaired if the undiscounted, estimated future cash flows of an asset (both the annual estimated cash flow from future operations and the estimated cash flow from the theoretical sale of the asset) over its estimated holding period are in excess of the asset&#x2019;s net book value at the balance sheet date. If any real estate asset held for investment is considered impaired, a loss is provided to reduce the carrying value of the asset to its estimated fair value.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Any properties that are treated as &#x201C;subject to sales contract&#x201D; on the Consolidated Balance Sheets and are listed in detail in Schedule III, &#x201C;Real Estate and Accumulated Depreciation&#x201D; are those in which we have not recognized the legal sale according to the guidance in ASC 360-20 due to various factors, disclosed in each sale transaction under Item 1 Significant Real Estate Acquisitions/Dispositions and Financing. Any sale transaction where the guidance reflects that a sale had not occurred, the asset involved in the transaction, including the debt and property operations, remained on the books of the Company. We continue to charge depreciation to expense as a period costs for the property until such time as the property has been classified as held for sale in accordance with guidance reflected in ASC 360-10-45 &#x201C;Impairment or Disposal of Long-Lived Assets&#x201D;.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Real estate held for sale</i></b>.<i>&nbsp;&nbsp;</i>We classify properties as held for sale when certain criteria are met in accordance with GAAP. At that time, we present the assets and obligations of the property held for sale separately in our consolidated balance sheet and we cease recording depreciation and amortization expense related to that property. Properties held for sale are reported at the lower of their carrying amount or their estimated fair value, less estimated costs to sell. We did not have any real estate assets classified as held for sale at December 31, 2017 or 2016.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Effective as of January 1, 2015, we adopted the revised guidance in Accounting Standards Update No.&nbsp;2014-08 regarding discontinued operations. For sales of real estate or assets classified as held for sale after January 1, 2015, we will evaluate whether a disposal transaction meets the criteria of a strategic shift and will have a major effect on our operations and financial results to determine if the results of operations and gains on sale of real estate will be presented as part of our continuing operations or as discontinued operations in our consolidated statements of operations. If the disposal represents a strategic shift, it will be classified as discontinued operations for all periods presented; if not, it will be presented in continuing operations.</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Any properties that are treated as &#x201C;subject to sales contract&#x201D; on the Consolidated Balance Sheets and are listed in detail in Schedule III, &#x201C;Real Estate and Accumulated Depreciation&#x201D; are those in which we have not recognized the legal sale according to the guidance in ASC 360-20 due to various factors, disclosed in Item 1 &#x201C;Significant Real Estate Acquisitions/Dispositions and Financing.&#x201D; Any sale transaction where the guidance reflects that a sale had not occurred, the asset involved in the transaction, including the debt, if appropriate, and property operations, remained on the books of the Company. We continue to charge depreciation to expense as a period costs for the property until such time as the property has been classified as held for sale in accordance with guidance reflected in ASC 360-10-45 &#x201C;Impairment or Disposal of Long-Lived Assets.&#x201D;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Cost capitalization</i>.</b>&nbsp;&nbsp;&nbsp;&nbsp; The cost of buildings and improvements includes the purchase price of property, legal fees and other acquisition costs. Costs directly related to planning, developing, initial leasing and constructing a property are capitalized and classified as Real Estate in the Consolidated Balance Sheets. Capitalized development costs include interest, property taxes, insurance, and other direct project costs incurred during the period of development.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">A variety of costs are incurred in the acquisition, development and leasing of properties. After determination is made to capitalize a cost, it is allocated to the specific component of a project that is benefited. Determination of when a development project is substantially complete and capitalization must cease involves a degree of judgment. Our capitalization policy on development properties is guided by ASC Topic 835-20 &#x201C;Interest &#x2013; Capitalization of Interest&#x201D; and ASC Topic 970 &#x201C;Real Estate - General&#x201D;. The costs of land and buildings under development include specifically identifiable costs. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. We consider a construction project as substantially completed and held available for occupancy upon the receipt of certificates of occupancy, but no later than one year from cessation of major construction activity. We cease capitalization on the portion (1)&nbsp;substantially completed and (2)&nbsp;occupied or held available for occupancy, and we capitalize only those costs associated with the portion under construction.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">We capitalize leasing costs which include commissions paid to outside brokers, legal costs incurred to negotiate and document a lease agreement and any internal costs that may be applicable. We allocate these costs to individual tenant leases and amortize them over the related lease term.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Fair value measurement</i></b><i>.&nbsp;&nbsp;&nbsp;&nbsp;</i>We apply the guidance in ASC Topic 820, &#x201C;Fair Value Measurements and Disclosures,&#x201D; to the valuation of real estate assets. These provisions define fair value as the price that would be received to sell an asset or paid to transfer a liability in a transaction between market participants at the measurement date, establish a hierarchy that prioritizes the information used in developing fair value estimates and require disclosure of fair value measurements by level within the fair value hierarchy. The hierarchy gives the highest priority to quoted prices in active markets (Level 1 measurements) and the lowest priority to unobservable data (Level 3 measurements), such as the reporting entity&#x2019;s own data.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date and includes three levels defined as follows:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 10%; text-align: center; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Level&nbsp; 1 </font>
            </td>
            <td style="width: 2%; text-align: left; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 88%; text-align: left; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Unadjusted quoted prices for identical and unrestricted assets or liabilities in active markets.</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Level&nbsp; 2 </font>
            </td>
            <td style="text-align: left; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Level&nbsp; 3</font>
            </td>
            <td style="text-align: left; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Unobservable inputs that are significant to the fair value measurement.</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;A financial instrument&#x2019;s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Related parties</i>.&nbsp; </b>We apply ASC Topic 805, &#x201C;Business Combinations&#x201D;, to evaluate business relationships. Related parties are persons or entities who have one or more of the following characteristics, which include entities for which investments in their equity securities would be required, trust for the benefit of persons including principal owners of the entities and members of their immediate families, management personnel 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 decision making of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests, or affiliates of the entity.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Recognition of revenue.</i></b><i>&nbsp;&nbsp;&nbsp;&nbsp;</i>Our revenues, which are composed largely of rental income, include rents reported on a straight-line basis over the lease term. In accordance with ASC 805 &#x201C;Business Combinations&#x201D;, we recognize rental revenue of acquired in-place &#x201C;above-&#x201D; and &#x201C;below-market&#x201D; leases at their fair values over the terms of the respective leases.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Reimbursements of operating costs, as allowed under most of our commercial tenant leases, consist of amounts due from tenants for common area maintenance, real estate taxes and other recoverable costs, and are recognized as revenue in the period in which the recoverable expenses are incurred. We record these reimbursements on a &#x201C;gross&#x201D; basis, since we generally are the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier and have the credit risk with respect to paying the supplier.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Rental income for residential property leases is recorded when due from residents and is recognized monthly as earned, which is not materially different than on a straight-line basis as lease terms are generally for periods of one year or less. For hotel properties, revenues for room sales and guest services are recognized as rooms occupied and services rendered. An allowance for doubtful accounts is recorded for all past due rents and operating expense reimbursements considered to be uncollectible.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Sales and the associated gains or losses of real estate assets are recognized in accordance with the provisions of ASC Topic 360-20, &#x201C;Property, Plant and Equipment &#x2013; Real Estate Sale&#x201D;. The specific timing of a sale is measured against various criteria in ASC 360-20 related to the terms of the transaction and any continuing involvement in the form of management or financial assistance associated with the properties. If the sales criteria for the full accrual method are not met, the Company defers some or all of the gain recognition and accounts for the continued operations of the property by applying the finance, leasing, deposit, installment or cost recovery methods, as appropriate, until the sales criteria are met.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Foreign currency translation</i></b><i>. &nbsp; </i>Foreign currency denominated assets and liabilities of subsidiaries with local functional currencies are translated to United States dollars at year-end exchange rates. The effects of translation are recorded in the cumulative translation component of shareholders&#x2019; equity. Subsidiaries with a United States dollar functional currency re-measure monetary assets and liabilities at year-end exchange rates and non-monetary assets and liabilities at historical exchange rates. The effects of re-measurement are included in income. Exchange gains and losses arising from transactions denominated in foreign currencies are translated at average exchange rates.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Non-performing notes receivable.</i></b><i>&nbsp;&nbsp;</i>ARL considers a note receivable to be non-performing when the maturity date has passed without principal repayment and the borrower is not making interest payments in accordance with the terms of the agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Interest recognition on notes receivable.&nbsp; </i></b>We record interest income as earned in accordance with the terms of the related loan agreements.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Allowance for estimated losses</i></b><i>.&nbsp;&nbsp;</i>We assess the collectability of notes receivable on a periodic basis, of which the assessment consists primarily of an evaluation of cash flow projections of the borrower to determine whether estimated cash flows are sufficient to repay principal and interest in accordance with the contractual terms of the note. We recognize impairments on notes receivable when it is probable that principal and interest will not be received in accordance with the contractual terms of the loan. The amount of the impairment to be recognized generally is based on the fair value of the partnership&#x2019;s real estate that represents the primary source of loan repayment. See Note 3 &#x201C;Notes and Interest Receivable&#x201D; for details on our notes receivable.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Cash equivalents</i></b><i>. &nbsp; </i>For purposes of the Consolidated Statements of Cash Flows, all highly liquid investments purchased with an original maturity of three months or less are considered to be cash equivalents.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><em><strong>Restricted cash.&nbsp;&nbsp;</strong></em>Restricted cash is comprised primarily of cash balances held in escrow by financial institutions under the terms of certain secured notes payable and certain unsecured bonds payable.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Concentration of credit risk</i></b><i>. </i>The Company maintains its cash balances at commercial banks and through investment companies, the deposits of which are insured by the Federal Deposit Insurance Corporation (FDIC). At December 31, 2017 and 2016, the Company maintained balances in excess of the insured amount.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Earnings per share</i></b><i>. &nbsp; </i>Income (loss) per share is presented in accordance with ASC 620 &#x201C;Earnings per Share&#x201D;. Income (loss) per share is computed based upon the weighted average number of shares of common stock outstanding during each year.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Use of estimates.</i></b><i>&nbsp;&nbsp;&nbsp;&nbsp;</i>In the preparation of Consolidated Financial Statements in conformity with GAAP, it is necessary for management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expense for the year ended. Actual results could differ from those estimates.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Income taxes.</i></b><i>&nbsp;&nbsp;&nbsp;</i>The Company is a &#x201C;C&#x201D; corporation for U.S. federal income tax purposes. For tax periods ending before August 31, 2012, the Company filed an annual consolidated income tax return with TCI and IOR and their subsidiaries. ARL was the common parent for the consolidated group. After that date, the Company and the rest of the ARL group joined the MRHI consolidated group for tax purposes. The income tax expense (benefit) for the 2012 tax period in the accompanying financial statement was calculated under a tax sharing and compensating agreement between ARL, TCI and IOR. That agreement continued until August 31, 2012, at which time a new tax sharing and compensating agreement was entered into by ARL, TCI, IOR and MRHI for the remainder of 2012 and subsequent years. The agreement specifies the manner in which the group will share the consolidated tax liability and also how certain tax attributes are to be treated among members of the group.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Recent accounting pronouncements</i></b><i>.</i>&nbsp;&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In May 2014, Accounting Standards Update (&#x201C;ASU&#x201D;) No. 2014-09 (&#x201C;ASU 2014-09&#x201D;), &#x201C;Revenue from Contracts with Customers,&#x201D; was issued. This new guidance established a new single comprehensive revenue recognition model and provides for enhanced disclosures. Under the new policy, the nature, timing and amount of revenue recognized for certain transactions could differ from those recognized under existing accounting guidance. This new standard does not affect revenue recognized under lease contracts. ASU 2014-09 is effective for reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact the adoption of this guidance has on its financial position and results of operations, if any.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In February 2016, Accounting Standards Update No. 2016-02 (&#x201C;ASU 2016-02&#x201D;), &#x201C;Leases&#x201D; was issued. This new guidance establishes a new model for accounting for leases and provides for enhanced disclosures. ASU 2016-02 is effective for reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this guidance, if any, on its financial position and results of operations.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;"><b>NOTE 2.</b></td>
            <td style="text-align: justify;"><b><i>REAL ESTATE</i></b></td>
        </tr>
    </table>
    <p style="margin: 0pt 0 0pt 55.05pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">A summary of our real estate owned as of the end of the year is listed below (dollars in thousands):</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="3">&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="3">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 54%;">Apartments</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">733,620</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">694,351</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Apartments under construction</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">105,451</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">25,288</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Commercial properties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">200,797</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">218,857</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Land held for development</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">77,560</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">79,188</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Real estate held for sale</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Real estate subject to sales contract</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">48,234</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">48,919</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Total real estate, at cost, less impairment</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,165,663</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,066,603</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Less accumulated deprecation</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(177,546</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(165,597</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">Total real estate, net of depreciation</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">988,117</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">901,006</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; text-indent: 24.5pt; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Expenditures for repairs and maintenance are charged to operations as incurred. Significant betterments are capitalized. When assets are sold or retired, their costs and related accumulated depreciation are removed from the accounts with the resulting gains or losses reflected in net income or loss for the period.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Depreciation is computed on a straight line basis over the estimated useful lives of the assets as follows:</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="padding-left: 0.5in; padding-top: 6pt; width: 50%; vertical-align: top; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Land improvements </font>
            </td>
            <td style="padding-left: 0.5in; padding-top: 6pt; width: 50%; vertical-align: bottom; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">25 to 40 years</font>
            </td>
        </tr>
        <tr>
            <td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: top; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Buildings and improvements </font>
            </td>
            <td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: bottom; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">10 to 40 years</font>
            </td>
        </tr>
        <tr>
            <td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: top; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Tenant improvements </font>
            </td>
            <td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: bottom; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Shorter of useful life or terms of related lease</font>
            </td>
        </tr>
        <tr>
            <td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: top; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Furniture, fixtures and equipment </font>
            </td>
            <td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: bottom; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">3 to 7 years</font>
            </td>
        </tr>
    </table>
    <p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b><i>Fair Value Measurement</i></b></p>
    <p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company applies the guidance in ASC Topic 820, &#x201C;Fair Value Measurements and Disclosures,&#x201D; to the valuation of real estate assets.
        <font style="color: #252525;">The Company is required to assess the fair value of its consolidated real estate assets with indicators of impairment. The value of impaired real estate assets is determined using widely accepted valuation techniques, including discounted cash flow analyses on the expected cash flow of each asset, as well as the income capitalization approach, which considers prevailing market capitalization rates, analyses of recent comparable sales transactions, information from actual sales negotiations and bona fide purchase offers received from third parties. The methods used to measure fair value may produce an amount that may not be indicative of net realizable value or reflective of future values. Furthermore, although the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. </font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The fair value measurements used in these evaluations are considered to be Level 2 and 3 valuations within the fair value hierarchy in the accounting rules, as there are significant observable (Level 2) and unobservable inputs (Level 3). Examples of Level 2 inputs the Company utilizes in its fair value calculations are appraisals and bona fide purchase offers from third parties. Examples of Level 3 inputs the Company utilizes in its fair value calculations are discount rates, market capitalization rates, expected lease rental rates, timing of new leases, an estimate of future sales prices and comparable sales prices of similar assets, if available.</p>
    <p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="text-align: justify;" colspan="3">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="text-align: center;" colspan="3">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="10">Fair Value Measurements Using (dollars in thousands):</td>
            <td style="text-align: center;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="3">December 31, 2015</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">Fair Value</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">Level 1</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">Level 2</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">Level 3</td>
            <td style="text-align: center;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 18%; text-align: center;">
                <font style="font-size: 10pt;">Commercial</font>
            </td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 17%; text-align: right;">3,000</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 17%; text-align: right;">&#x2014;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 17%; text-align: right;">&#x2014;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 17%; text-align: right;">3,000</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">The highlights of our significant real estate transactions for the year ended December 31, 2017, are discussed below.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;"><b><i>Purchases </i></b></font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">During the year ended December 31, 2017, the Company acquired one income-producing apartment properties from a third party in the state of North Carolina increasing the total number of units by 201, for a combined purchase price of $79.7 million. In addition, we acquired one land parcel for future development for a total purchase price of $5.4 million, adding 36.3 acres to the development portfolio.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;"><b><i>Sales</i></b></font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><FONT STYLE="background-color: white">As
of December 31, 2017, subsidiaries hold approximately 91 acres of land, at various locations that were sold to related parties
in multiple transactions. These transactions are treated as &#x201C;subject to sales contract&#x201D; on the Consolidated Balance
Sheets. Due to the related party nature of the transactions, we deferred the recording of the sales in accordance with ASC 360-20.</FONT></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">         <font style="background-color: white;">We
    continue to invest in the development of apartment projects. During the year ended December 31, 2017, we have expended $69.8
    million related to the construction or predevelopment of various apartment complexes and capitalized $2.4 million of
    interest     costs.</font>     </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">
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        <p style="margin: 0pt">&nbsp;</p>
    </div>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>NOTE&nbsp;3. <i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOTES AND INTEREST RECEIVABLE</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">A portion of our assets are invested in mortgage notes receivable, principally secured by real estate. We may originate mortgage loans in conjunction with providing purchase money financing of property sales. Notes receivable are generally collateralized by real estate or interests in real estate and personal guarantees of the borrower and, unless noted otherwise, are so secured. Management intends to service and hold for investment the mortgage notes in our portfolio. A majority of the notes receivable provide for principal to be paid at maturity (dollars in thousands).</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrower</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Maturity Date</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Interest Rate</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Amount</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">Security</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; width: 46%; text-align: left; text-indent: -9pt;">Performing loans:</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: center;">&nbsp;</td>
            <td style="width: 8%; text-align: center;">&nbsp;</td>
            <td style="width: 1%; text-align: center;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 10%; text-align: right;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 10%; text-align: right;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">H198, LLC (Las Vegas Land)</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">01 /20</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">5,907</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Leman Development, Ltd <sup>(2)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 10pt;">N/A</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">0.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,500</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Unsecured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">Oulan-Chikh Family Trust</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">03 /21</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">174</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Cliffs of El Dorado) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Echo Station) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,481</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Inwood on the Park) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,639</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Kensington Park) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,933</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc.&nbsp;&nbsp;(Lakeshore Villas) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,000</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc.&nbsp;&nbsp;(Lakeshore Villas) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9,101</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Limestone Canyon) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Limestone Canyon) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Limestone Ranch) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,953</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Limestone Ranch) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,000</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Parkside Crossing) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,485</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,555</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Sendero Ridge) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Sendero Ridge) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Timbers of Terrell) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,323</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Tivoli) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7,965</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. (Trails at White Rock) <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /32</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,815</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Secured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /17</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Unsecured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /18</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,994</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Unsecured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /18</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">6,407</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Unsecured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">06 /20</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5,760</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Unsecured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">12 /16</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Unsecured</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 10pt;">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">06 /19</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12.00</td>
            <td style="text-align: left;">%</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Unsecured</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">Other related party notes</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 10pt;">Various</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">Various</font>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,349</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Various secured interests</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">Other related party notes</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 10pt;">Various</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">Various</font>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">465</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Various unsecured interests</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">Other non-related party notes</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 10pt;">Various</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">Various</font>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,466</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Various secured interests</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">Other non-related party notes</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 10pt;">Various</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">
                <font style="font-size: 10pt;">Various</font>
            </td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,252</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">
                <font style="font-size: 10pt;">Various unsecured interests</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">Accrued interest</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">7,249</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">Total Performing</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">97,775</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">Non- Performing</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;"></td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">One Realco Corporation&nbsp;<sup>(1,2)</sup></td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">01/17</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3.00%&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">7,000&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">&nbsp;Unsecured</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">Realty Advisors Management, Inc.&nbsp;<sup>(1)</sup></td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">12/16</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2.28%&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">20,387</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;Unsecured</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">Accrued Interest</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;"></td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;"></td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="border-bottom: 1pt solid black; text-align: right;">2,703&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">Total Non-Performing</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;"></td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;"></td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;$</td>
            <td style="text-align: right;">30,090&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;Unsecured</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt;">Allowance for estimated losses</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(15,770</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt; font-weight: bold;">Total</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">112,095</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;" colspan="2">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;"><sup>(1)</sup></td>
            <td style="text-align: justify;">Related party notes</td>
        </tr>
    </table>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;"><sup>(2)</sup></td>
            <td style="text-align: justify;">An allowance was taken for estimated losses at full value of note.</td>
        </tr>
    </table>
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    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
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    <p style="margin: 0pt 0;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;">
        <font style="background-color: white;">As of December 31, 2017, the obligors on $118.4 million or 88.2% of the mortgage notes receivable portfolio were due from related parties. The Company recognized $12.4 million of interest income from these related party notes receivables.</font>
    </p>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">As of December 31, 2017 none of the mortgage notes receivable portfolio were non-performing.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company has various notes receivable from Unified Housing Foundation, Inc. &#x201C;UHF&#x201D;. UHF is determined to be a related party due to our significant investment in the performance of the collateral secured under the notes receivable. Payments are due from surplus cash flow from operations, sale or refinancing of the underlying properties. These notes are cross collateralized to the extent that any surplus cash available from any of the properties underlying these notes will be used to repay outstanding interest and principal for the remaining notes. Furthermore, any surplus cash available from any of the properties UHF owns, besides the properties underlying these notes, can be used to repay outstanding interest and principal for these notes. The allowance on the notes was a purchase allowance that was netted against the notes when acquired.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 4.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>&nbsp;&nbsp;&nbsp;&nbsp;INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Investments in unconsolidated subsidiaries, jointly owned companies and other investees in which we have a 20% to 50% interest or otherwise exercise significant influence are carried at cost, adjusted for the Company&#x2019;s proportionate share of their undistributed earnings or losses, via the equity method of accounting.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Investments accounted for via the equity method consists of the following:</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table align="CENTER" style="width: 66%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="10">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Percentage ownership as of December 31,</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2017</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2016</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2015</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 24%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gruppa Florentina, LLC<sup>(1)</sup></font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 11%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">20.00</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 11%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">20.00</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 11%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">20.00</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-top: 8pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(1)</sup> Other investees.</font>
            </td>
            <td style="padding-top: 8pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-top: 8pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; text-indent: 24.5pt; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The market values, other than unconsolidated subsidiaries, as of the year ended December 31, 2017, 2016 and 2015 were not determinable as there were no readily traded markets for these entities. The following is a summary of the financial position and results of operations from our investees (dollars in thousands):</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="3">&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="3">&nbsp;</td>
            <td style="font-size: 12pt;">&nbsp;</td>
            <td style="font-size: 12pt;" colspan="3">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="11"><b>For the Twelve Months Ended December 31,</b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-weight: bold;"><b>&nbsp;</b></td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2015</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">Other Investees</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 46%; text-align: left;">Real estate, net of accumulated depreciation</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">12,587</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">13,641</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">13,899</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Notes receivable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,724</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9,561</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">8,457</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Other assets</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">32,176</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">31,135</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">30,834</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Notes payable</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(17,845</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(9,834</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(10,883</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Other liabilities</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(5,991</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(8,284</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(7,967</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Shareholders' equity/partners capital</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(23,651</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(36,219</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(34,340</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>Revenue</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">38,747</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">54,264</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">51,650</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>Depreciation</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,279</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,150</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,150</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Operating expenses</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(35,410</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(49,856</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(47,143</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Interest expense</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,065</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(793</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(805</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Income (loss) from continuing operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">993</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">2,465</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">2,552</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Income (loss) from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">Net&nbsp;&nbsp;income (loss)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">993</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">2,465</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">2,552</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="font-style: normal; font-weight: normal;">Company's proportionate share of earnings
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-style: normal; font-weight: normal;"><sup>(1)</sup></font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">199</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">493</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">510</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-style: normal; font-weight: normal;">(1) Earnings represent continued and discontinued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <!-- Field: Page; ;  ; Value:  40; Sequence:  47; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->47
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
    <!-- Field: /Page -->
    <p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 5.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>NOTES AND INTEREST PAYABLE</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Below is a summary of our notes and interest payable as of December 31, 2017 (dollars in thousands):</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table align="CENTER" style="width: 60%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Notes Payable</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Accrued Interest</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Total Debt</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="width: 46%; text-align: left;">Apartments</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">566,576</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">1,585</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">568,161</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Apartments under Construction</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">78,683</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">113</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">78,796</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Commercial</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">126,955</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">622</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">127,577</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Land</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">22,888</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">203</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">23,091</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Real estate subject to sales contract</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">1,449</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">508</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">1,957</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Mezzanine financing</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">110,172</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">453</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">110,625</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Other</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">10,013</td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">101</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">10,114</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">Total</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">$</td>
            <td style="text-align: right; font-weight: bold;">916,736</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">$</td>
            <td style="text-align: right; font-weight: bold;">3,585</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">$</td>
            <td style="text-align: right; font-weight: bold;">920,321</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Unamortized deferred borrowing costs</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(19,237</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(19,237</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">897,499</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">3,585</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">901,084</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;&nbsp;&nbsp;
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The following table summarizes our contractual obligations for principal payments as of December 31, 2017 (dollars in thousands):</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font: 10pt Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <table align="CENTER" style="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Year</td>
            <td style="padding-bottom: 1pt; vertical-align: middle; text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">Amount</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 43%; text-align: right;">2018</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 10%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 43%; text-align: right;">86,323</td>
            <td style="width: 1%; text-align: left;"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2019</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">101,134</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2020</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">64,255</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2021</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">48,806</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2022</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11,204</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">Thereafter</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">605,013</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">Total</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">916,736</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font: 10pt Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font: 10pt Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp; &nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Interest payable at December 31, 2017, was $2.6 million. Interest accrues at rates ranging from 2.5% to 12.0%&nbsp;per annum, and mature between 2018 and 2055. The mortgages were collateralized by deeds of trust on real estate having a net carrying value of $901 million.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">During the year, the Company refinanced or modified five loans with a total principal balance of $78.9 million. The refinancing resulted in lower interest rates and the extension of the term of the loan.&nbsp; The modifications resulted in lower interest rates.&nbsp; The transactions provide for lower monthly payments over the term of the loans.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">There are various land mortgages, secured by the property, that are in the process of a modification or extension to the original note due to expiration of the loan. We are in constant contact with these lenders, working together in order to modify the terms of these loans and we anticipate a timely resolution that is similar to the existing agreement or subsequent modification. </font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">In conjunction with the development of various apartment projects and other developments, we drew down $13 million in construction loans during the year ended December 31, 2017.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 6.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>BONDS AND BONDS INTEREST PAYABLE</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font: 10pt Times New Roman, Times, Serif;">In August 2016 Southern Properties Capital LTD (&#x201C;Southern&#x201D;), a British Virgin Islands corporation was incorporated for the purpose of raising funds by issuing Bonds to be traded on the Tel Aviv Stock Exchange (&#x201C;TASE&#x201D;). The Company transferred certain residential and commercial properties located in the United States to Southern, its wholly owned subsidiary. On February 13, 2017, Southern filed a final prospectus with the TASE for an offering and sale of nonconvertible Series A Bonds to be issued by Southern. The bonds are unsecured obligations of Southern. During 2017 on three separate occasions Southern issued nonconvertible Series A Bonds which in total amounted to approximately NIS400 million New Israeli Shekels (&#x201C;NIS&#x201D;) which converted to approximately $115 million dollars. The Series A Bonds have a stated interest rate of 7.3%. At December 31, 2017 the effective interest rate is 9.17%. The bonds require semi-annual equal installments on January 31 and July 31 of each year from 2019 to 2023 (inclusive). The interest will be repaid on January 31 and July 31 of each of the years 2018 to 2023 (inclusive), first payment commenced on July 31, 2017.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td colspan="8">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consisting of the following:</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="6">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">December 31,</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="text-align: center; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="width: 200px;">Bonds (Series A)</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">115,336</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">&#x2014;</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td nowrap style="text-align: left;">Less; deferred issuance expense, net</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">(5,916</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td nowrap style="padding-bottom: 1pt; text-align: left;">Accrued Interest</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;"></td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">3,629</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;"></td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;"></td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">$</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">113,049</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">$</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;" colspan="9">
                <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
                    <font style="font: 10pt Times New Roman, Times, Serif;">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggregate maturities are as follows:</font>
                </p>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">December 31,</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2017</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2016</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">2018</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">2019</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">23,067</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">2020</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">23,067</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">2021</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">23,067</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">2022</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">23,067</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Thereafter</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">23,067</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">115,335</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font: 10pt Times New Roman, Times, Serif;">The funds were used principally for the acquisition and development of additional real estate operations in the United States. The funds were raised and will be repaid in NIS however the funds raised have been converted to US dollars. The Company records unrealized gains or losses each quarter based upon the relative exchange values of the US dollar and the NIS; however, no gain or loss will be realized until a conversion from US dollars to NIS actually occurs in the future. The recorded unrealized gain or loss is reflected as a separate line item to highlight the fact that it is a non-cash transaction until such time as actual payment of principal and interest on the bonds is made. For 2017 the Company reflected an unrealized foreign currency loss of $4.5 million related to debenture transactions.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font: 10pt Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 7.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>RELATED PARTY TRANSACTIONS AND FEES</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0 0pt 55.1pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">We apply ASC Topic 805, &#x201C;Business Combinations,&#x201D; to evaluate business relationships. Related parties are persons or entities who have one or more of the following characteristics, which include entities for which investments in their equity securities would be required, trust for the benefit of persons including principal owners of the entities and members of their immediate families, management personnel 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 decision making of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests, or affiliates of the entity.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The Company has historically engaged in and may continue to engage in certain business transactions with related parties, including but not limited to asset acquisition and dispositions. Transactions involving related parties cannot be presumed to be carried out on an arm&#x2019;s length basis due to the absence of free market forces that naturally exist in business dealings between two or more unrelated entities. Related party transactions may not always be favorable to our business and may include terms, conditions and agreements that are not necessarily beneficial to or in our best interest.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Since April 30, 2011, Pillar, the sole shareholder of which is Realty Advisors, LLC, a Nevada limited liability company, the sole member of which is RAI, a Nevada corporation, the sole shareholder of which is MRHI, a Nevada corporation, the sole shareholder of which is a trust known as the May Trust, became the Company&#x2019;s external Advisor and Cash Manager.&nbsp; Pillar&#x2019;s duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities. Pillar also arranges, for the Company&#x2019;s benefit, debt and equity financing with third party lenders and investors. Pillar also serves as an Advisor and Cash Manager to TCI and IOR.&nbsp; As the contractual advisor, Pillar is compensated by ARL under an Advisory Agreement that is more fully described in Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; The Advisor.&#x201D;&nbsp; ARL has no employees. Employees of Pillar render services to ARL in accordance with the terms of the Advisory Agreement.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Regis Realty Prime, LLC, dba Regis Property Management, LLC (&#x201C;Regis&#x201D;), the sole member of which is Realty Advisors, LLC, manages our commercial properties and provides brokerage services. Regis receives property management fees and leasing commissions in accordance with the terms of its property-level management agreement. Regis is also entitled to receive real estate brokerage commissions in accordance with the terms of a non-exclusive brokerage agreement. See Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; Property Management and Real Estate Brokerage.&#x201D; &nbsp;ARL engages third-party companies to lease and manage its apartment properties.&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Below is a description of the related party transactions and fees between Pillar and Regis:</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0; text-indent: 0.25in;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Fees, expenses, and revenue paid to and/or received from our advisor:</font>
    </p>
    <p style="margin: 0;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-left: 0.25in; width: 97%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2017</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2016</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2015</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="10">
                <font style="font: 10pt Times New Roman, Times, Serif;">(dollars in thousands)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Fees:</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 10pt; width: 61%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Advisory</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">11,082</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">10,918</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">9,775</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 10pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Mortgage brokerage and equity refinancing</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,712</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">775</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,612</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 10pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">250</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">257</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">492</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 10pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Property acquisition and sales</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">921</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,044</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">11,950</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">12,800</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Other Expense:</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 10pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Cost reimbursements</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,240</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,826</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,675</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 10pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Interest paid (received)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,195</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,144</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,234</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,045</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,682</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,441</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Revenue:</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; padding-left: 10pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Rental</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">783</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">708</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">726</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Fees paid to Regis and related parties:</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0;">&nbsp;</p>
    <table style="margin-left: 0.25in; width: 97%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>2017</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>2016</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>2015</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="9">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(dollars in thousands)</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="width: 61%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Fees:</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 10pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Property acquisition</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">9,128</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">10,775</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,932</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 10pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Property management, construction management and leasing commissions</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">963</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">888</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">717</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 10pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Real estate brokerage</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,369</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">787</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,105</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">11,460</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">12,450</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,754</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The Company received rental revenue of $0.7 million in each of the three years ended December 31, 2017 from Pillar and its related parties for properties owned by the Company.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">As of December 31, 2017, the Company had notes and interest receivables, net of allowances, of $62.4 million and $4.3 million, respectively, due from UHF, a related party. See Part 2, Item 8. Note 3. &#x201C;Notes and Interest Receivable.&#x201D; During the current period, the Company recognized interest income of $9.0 million, originated $5.7 million, received principal payments of $30.4 million and received interest payments of $10.2 million from these related party notes receivables.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">On January 1, 2012, the Company&#x2019;s subsidiary, TCI, entered into a development agreement with UHF, a non-profit corporation that provides management services for the development of residential apartment projects in the future. This development agreement was terminated December 31, 2013. The Company has also invested in surplus cash notes receivables from UHF and has sold several residential apartment properties to UHF in prior years. Due to this ongoing relationship and the significant investment in the performance of the collateral secured under the notes receivable, UHF has been determined to be a related party.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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            &nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The Company is the primary guarantor, on a $39.1 million mezzanine loan between UHF and a lender. In addition, ARL, and an officer of the Company are limited recourse guarantors of the loan. As of December 31, 2017, UHF was in compliance with the covenants to the loan agreement.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The Company is part of a tax sharing and compensating agreement with respect to federal income taxes between ARL, TCI and IOR and their subsidiaries that was entered into in July of 2009. The expense (benefit) in each year was calculated based on the amount of losses absorbed by taxable income multiplied by the maximum statutory tax rate of 35%.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties as of December 31, 2017 (dollars in thousands):</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.25in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2">
                <font style="font: 10pt Times New Roman, Times, Serif;">Pillar</font>
            </td>
            <td style="text-align: center;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0in; width: 37%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Related party receivable, December 31, 2016</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">24,672</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Cash transfers</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">56,635</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Advisory fees</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(11,082</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income fee</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(250</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Cost reimbursements</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(3,240</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Interest income</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,196</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Notes receivable purchased</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(447</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Fees and commissions</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(3,082</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Expenses paid by Advisor</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(579</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Financing (mortgage payments)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(17,313</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Sales/purchases transactions</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(9,818</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Tax sharing</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,619</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Related party receivable, December 31, 2017</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">38,311</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">As of December 31, 2017, subsidiaries hold approximately 66.7 acres of land, at various locations that were sold to related parties in multiple transactions. These transactions are treated as &#x201C;subject to sales contract&#x201D; on the Consolidated Balance Sheets. Due to the related party nature of the transactions TCI has deferred the recording of the sales in accordance with ASC 360-20.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 8.&nbsp;</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>DIVIDENDS</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">ARL&#x2019;s Board of Directors established a policy that dividend declarations on common stock would be determined on an annual basis following the end of each year. In accordance with that policy, no dividends on ARL&#x2019;s common stock were declared for 2017, 2016, or 2015. Future distributions to common stockholders will be determined by the Board of Directors in light of conditions then existing, including the Company&#x2019;s financial condition and requirements, future prospects, restrictions in financing agreements, business conditions and other factors deemed relevant by the Board. On January 12, 2018 Realty Advisors converted 200,000 preferred shares plus accrued dividends into 482,716 shares of common stock.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 9.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>INCOME TAXES</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0 0pt 12.25pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. We record uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.</font>
    </p>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">For financial reporting purposes, income before income taxes were:&nbsp;
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;&nbsp;</font>&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="5">Years Ended December 31</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2017</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2016</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2015</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="5">(in thousands)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 28%; font-weight: bold;">TOTAL</td>
            <td style="width: 5%; font-weight: bold;">&nbsp;</td>
            <td style="width: 21%; text-align: center; font-weight: bold;">($8,696)</td>
            <td style="width: 2%; font-weight: bold;">&nbsp;</td>
            <td style="width: 21%; text-align: center; font-weight: bold;">($2,365)</td>
            <td style="width: 2%; font-weight: bold;">&nbsp;</td>
            <td style="width: 21%; text-align: center; font-weight: bold;">($2,287)</td>
        </tr>
    </table>
    <p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif;">&nbsp;</p>
    <p style="margin: 0 0 8pt; font: 10pt/normal Times New Roman, Times, Serif;">The expense (benefit) for income taxes consists of:</p>
    <p>&nbsp; &nbsp;&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="5">Years Ended December 31</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">2015</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="5">(in thousands)</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>Current:</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 28%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 21%; text-align: center;">($3,044)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 21%; text-align: center;">&#x2014;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 21%; text-align: center;">&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 28%;">&nbsp; &nbsp; &nbsp;State</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 21%; text-align: center;">10</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 21%; text-align: center;">&#x2014;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 21%; text-align: center;">&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Deferred and other:</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">3,044</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">(45)</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">(1,000)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp; &nbsp; &nbsp;State</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">170</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&#x2014;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">Total Tax Expense</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">$180</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">($45)</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;">($1,000)</td>
        </tr>
    </table>
    <p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif;">&nbsp;</p>
    <p style="margin: 0 0 8pt; font: 10pt/normal Times New Roman, Times, Serif;">The reconciliation between the Company&#x2019;s effective tax rate on income from continuing operations and the statutory rate is as follows:</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="text-align: center; font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="11">Years Ended December 31</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2017</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2016</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="3">2015</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="11">(in thousands)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 52%; text-align: left;">Income tax expense (benefit) at federal statutory rate</td>
            <td style="width: 5%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">(3,044</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">(827</td>
            <td style="width: 1%; text-align: left;">)</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 11%; text-align: right;">(1,283</td>
            <td style="width: 1%; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">State and local income taxes net of federal tax benefit</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">180</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Repricing of deferred assets due to change in future rates</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">(28,663</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Change in valuation allowance</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">31,707</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">873</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">1,800</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">Reported income tax (benefit) expense</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="text-align: right; font-weight: bold;">180</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">$</td>
            <td style="text-align: right; font-weight: bold;">46</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">$</td>
            <td style="text-align: right; font-weight: bold;">517</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Effective Tax Rate</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">0.7</td>
            <td style="text-align: left; font-weight: bold;">%</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>N/A</b></font>
            </td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>N/A</b></font>
            </td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif;">&nbsp;</p>
    <p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif;">The company is subject to taxation in the United States and various states and foreign jurisdictions. As of December 31, 2017, the Company&#x2019;s tax years for 2016, 2015, and 2014 are subject to examination by the tax authorities. With few exceptions, as of December 31, 2017, the Company is no longer subject to U.S federal, state, local, or foreign examinations by tax authorities for the years before 2014.</p>
    <p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif;">The 2017 effective tax rate is driven primarily by the passing of the Tax Cuts and Jobs Act by congress. This act has reduced the statutory tax rate for corporations from 35% to 21% starting in 2018. As a result, the tax assets of ARI had to be re-priced to reflect the new rate for future years with the impact impacting the 2017 provision for income taxes.
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
    <!-- Field: /Page -->
    <p style="color: red; margin: 0pt 0; text-align: center; text-indent: 24.5pt; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Components of the Net Deferred Tax Asset or Liability</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="text-align: right;">&nbsp;</td>
            <td style="vertical-align: bottom; text-align: center;" colspan="8">Years Ended December 31</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: justify; font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="3"><b>2017</b></td>
            <td><b>&nbsp;</b></td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="3"><b>2016</b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: justify; font-size: 11pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="7">(in thousands)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 73%; text-align: justify;">Allowance for losses on notes</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">3,591</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 2%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;"></td>
            <td style="width: 10%; text-align: right;">5,963</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: justify;">Installment note on land sale</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">2,875</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">4,793</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: justify;">Deferred gain</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">11,040</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">21,798</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: justify;">Net operating loss carryforward</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">50,931</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">73,021</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: justify;">Subtotal</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">68,437</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">105,575</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: justify;">Less:&nbsp;&nbsp;valuation allowance</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">(42,995</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">(70,849</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: justify; font-weight: bold;">Total net deferred tax assets</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="text-align: right; font-weight: bold;">25,442</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="text-align: right; font-weight: bold;">34,726</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: justify; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: justify;">Basis differences for fixed assets</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">25,442</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">34,726</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: justify; font-weight: bold;">Total deferred tax liability</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="text-align: right; font-weight: bold;">25,442</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="text-align: right; font-weight: bold;">34,726</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: justify; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: justify; font-weight: bold;">Net deferred tax asset</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: justify; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 11pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 11pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: justify;">Current net deferred tax asset</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">25,442</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">34,726</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: justify;">Long-term net deferred tax liability</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">25,442</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;"></td>
            <td style="text-align: right;">34,726</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: justify; font-weight: bold;">Net deferred tax asset</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
            <td style="text-align: right; font-weight: bold;">&#x2014;&nbsp;&nbsp;</td>
            <td style="text-align: left; font-weight: bold;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp; &nbsp;</b></font>
    </p>
    <p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif;"><b>Operating Loss and Tax Credit Carryforwards</b></p>
    <p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif;">We have federal income tax NOL carryforwards related to our domestic operations of approximately $209 million on a standalone basis, which have an indefinite life. We also have state NOLs in many of the various states in which we operate.</p>
    <p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif;"><b>Valuation Allowance Reversal</b></p>
    <p style="margin: 0; text-align: justify; font: 10pt Times New Roman, Times, Serif;">Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. At December 31, 2017, 2016 and 2015 ARL had a net deferred tax asset due to tax deductions available to it in future years. However, as management could not determine that it was more likely than not that ARL would realize the benefit of the deferred tax asset, a valuation allowance was established.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 10.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">ARL&#x2019;s operations include the leasing of commercial properties (office buildings, industrial warehouses and retail centers). The leases, thereon, expire at various dates through 2025. The following is a schedule of minimum future rents due to ARL under non-cancelable operating leases as of December 31, 2017 (dollars in thousands):&nbsp;</font>
    </p>
    <p style="margin: 0;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table align="CENTER" style="width: 30%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Year</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Amount</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 16%; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2018</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">25,042</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2019</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">19,828</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2020</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">15,869</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2021</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,643</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2022</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">10,634</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Thereafter</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">16,686</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Total</b></font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">101,702</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <!-- Field: Page;  ; Value:  48; Sequence:  52; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->52
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
    <!-- Field: /Page -->
    <p style="color: red; margin: 0pt 0; text-align: center; text-indent: 24.5pt; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 11.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>OPERATING SEGMENTS</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Our segments are based on management&#x2019;s method of internal reporting which classifies its operations by property type. The segments are commercial, apartments, land and other. Significant differences among the accounting policies of the operating segments as compared to the Consolidated Financial Statements principally involve the calculation and allocation of administrative and other expenses. Management evaluates the performance of each of the operating segments and allocates resources to them based on their operating income and cash flow.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Items of income that are not reflected in the segments are interest, other income, equity in partnerships and gains on sale of real estate. Expenses that are not reflected in the segments are provision for losses, advisory, net income and incentive fees, general and administrative, non-controlling interests and net loss from discontinued operations before gains on sale of real estate.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The segment labeled as &#x201C;Other&#x201D; consists of revenue and operating expenses related to the notes receivable and corporate debt.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Presented below is the Company&#x2019;s reportable segments&#x2019; operating income including segment assets and expenditures for the years 2017, 2016 and 2015 (dollars in thousands):&nbsp;</font>
    </p>
    <p style="margin: 0;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">For the Twelve Months Ended December 31, 2017</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Commercial Properties</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Apartments</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Land</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Other</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Total</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 40%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Operating revenue</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">33,286</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">92,807</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">111</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">16</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">126,220</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Operating expenses</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(18,549</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(43,677</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(875</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(987</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(64,088</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Depreciation and amortization</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(9,358</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(16,354</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">33</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(25,679</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Mortgage and loan interest</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(7,527</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(22,347</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,945</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(34,354</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(66,173</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Interest income</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">18,941</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">18,941</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain on sale of income producing properties</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,391</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">12,760</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,547</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">16,698</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain on land sales</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">4,884</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">4,884</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Segment operating income (loss)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">243</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">23,189</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,722</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(16,351</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">10,803</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Capital expenditures</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(5,817</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,402</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">609</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(3,806</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Assets</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">137,157</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">727,508</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">127,554</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">992,219</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Property Sales</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Sales price</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">5,050</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">29,969</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">35,019</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Cost of sale</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(2,659</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(23,538</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(26,197</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Recognized prior deferred gain</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">12,760</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">12,760</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain on sale</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,391</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">12,760</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">6,431</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">21,582</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">For the Twelve Months Ended December 31, 2016</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Commercial &nbsp;Properties</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Apartments</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Land</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Other</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Total</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 40%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Operating revenue</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">33,026</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">86,603</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">30</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">4</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">119,663</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Operating expenses</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(20,398</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(40,786</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,745</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(21</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(62,950</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Depreciation and amortization</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(9,099</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(14,759</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">73</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(23,785</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Mortgage and loan interest</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(7,191</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(25,381</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(2,232</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(24,558</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(59,362</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Interest income</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">20,453</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">20,453</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain on sale of income producing properties</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(238</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">16,445</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">16,207</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain on land sales</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,121</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,121</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Segment operating income (loss)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(3,900</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">22,122</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(826</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(4,049</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,347</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Capital expenditures</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">5,008</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">864</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">268</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">6,140</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Assets</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">150,838</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">622,061</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">128,107</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">901,006</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Property Sales</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Sales price</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,500</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">20,350</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">29,128</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">50,978</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Cost of sale</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,738</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(3,905</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(26,007</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(31,650</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain on sale</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(238</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">16,445</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,121</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">19,328</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;&nbsp;</b></font>
    </p>
    <!-- Field: Page;  ; Value:  48; Sequence:  53; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->53
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
    <!-- Field: /Page -->
    <p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;&nbsp;</b></font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">For the Twelve Months Ended December 31, 2015</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Commercial Properties</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Apartments</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Land</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Other</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Total</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 40%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Operating revenue</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">30,540</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">73,543</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">105</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 9%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">104,188</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Operating expenses</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(17,761</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(34,955</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,029</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(257</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(54,002</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Depreciation and amortization</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(8,993</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(12,498</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">73</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(21,418</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Mortgage and loan interest</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(6,919</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(23,699</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(4,694</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(17,165</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(52,477</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Interest income</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">16,674</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">16,674</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain on land sales</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">21,648</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">21,648</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Segment operating income (loss)</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(3,133</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,391</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">15,925</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(570</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">14,613</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Capital expenditures</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">8,133</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">506</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,621</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">11,260</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Assets</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">155,147</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">551,415</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">146,945</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">853,507</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Property Sales</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Sales price</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">11,129</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">107,298</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">118,427</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Cost of sale</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(10,394</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(88,387</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(98,781</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Recognized prior deferred gain</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,737</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,737</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain on sale</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">735</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">21,648</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">22,383</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="color: red; margin: 0pt 0; text-align: left; font: 10pt Sans-Serif;">
        <font style="color: black; font-family: Times New Roman, Times, Serif; font-size: 10pt;">The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):</font>
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="10">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">For the Years Ended December 31,</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2017</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2016</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2015</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 61%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Segment operating income (loss)</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">10,803</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,347</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">14,613</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Other non-segment items of income (expense)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">General and administrative</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(7,691</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(7,119</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(6,893</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Provision on impairment of notes receivable and real estate assets</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(5,300</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income fee to related party</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(250</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(257</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(492</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Advisory fee to related party</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(11,082</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(10,918</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(9,775</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Other income</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(454</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,091</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">4,106</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Loss on sale of investments</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(331</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Earnings from unconsolidated joint ventures and investees</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">309</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">493</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">428</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Litigation settlement</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(352</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left; text-indent: 20pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Income tax benefit (expense)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(67</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(46</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(517</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain (loss) from continuing operations</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(8,763</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(2,409</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(4,183</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):</p>
    <p style="color: red; margin-bottom: 0pt; margin-top: 0; text-align: justify; text-indent: 0in; font: 10pt Sans-Serif;">
        <font style="color: black; font: 10pt Times New Roman, Times, Serif;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="10">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">For the Years Ended December 31,</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2017</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2016</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2015</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 61%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Segment assets</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">988,117</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">901,006</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">853,507</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Investments in unconsolidated subsidiaries and investees</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">6,396</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">6,087</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">8,365</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Notes and interest receivable</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">112,095</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">126,564</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">120,243</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Other assets and receivables</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">190,112</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">141,252</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">135,253</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Total assets</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,296,720</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,174,909</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,117,368</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin-bottom: 0pt; margin-top: 0; text-align: justify; text-indent: 0in; font: 10pt Sans-Serif;">
        <font style="color: black; font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;&nbsp;</font>
    </p>
    <!-- Field: Page;  ; Value:  48; Sequence:  54; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->54
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            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
    <!-- Field: /Page -->
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 12.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>DISCONTINUED OPERATIONS</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Effective January 1, 2015, the Company adopted the provisions of ASU 2014-08, which changed the criteria of ASC 360 related to determining which disposals qualify to be accounted for as discontinued operations and modified related reporting and disclosure requirements. Disposals representing a strategic shift in operations that have a major effect on a company&#x2019;s operations and financial results will be presented as discontinued operations.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">There were no sales of income-producing properties during 2017 or 2016 that met the criteria for discontinued operations. Amounts included in discontinued operations represent the residual amounts from sales classified as discontinued operations prior to January 1, 2015. The following table summarizes revenue and expense information for the properties sold that qualified as discontinued operations (dollars in thousands): </font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table align="CENTER" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="10">For the Years Ended December 31,</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="text-align: center;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2015</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-weight: bold;">Revenues:</td>
            <td>&nbsp;</td>
            <td style="text-align: right;" colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: right;" colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: right;" colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; width: 61%; text-align: left;">Rental and other property revenues</td>
            <td style="padding-bottom: 1pt; width: 1%;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">$</td>
            <td style="border-bottom: Black 1pt solid; width: 10%; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt; width: 1%;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">$</td>
            <td style="border-bottom: Black 1pt solid; width: 10%; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt; width: 1%;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">$</td>
            <td style="border-bottom: Black 1pt solid; width: 10%; text-align: right;">355</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">355</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-weight: bold;">Expenses:</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left;">Property operating expenses</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2</td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(345)</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in;">Depreciation</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left;">General and administrative</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">99</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">Total operating expenses</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2</td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(246)</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left; font-weight: bold;">Other income (expense):</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left;">Other income (expense)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">45</td>
            <td style="text-align: left;"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left;">Mortgage and loan interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left;">Loan charges and prepayment penalties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left;">Litigation settlement</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.25in; text-align: left;">Total other expenses</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">43</td>
            <td style="text-align: left;"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">Loss from discontinued operations before gain on sale of real estate and taxes</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;"></td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(2)</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">644</td>
            <td style="text-align: left;"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left;">Gain on sale of real estate from discontinued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">735</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left;">Income tax benefit (expense)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">1</td>
            <td style="padding-bottom: 1pt; text-align: left;"></td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(483)</td>
            <td style="padding-bottom: 1pt; text-align: left;"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; text-align: left;">Income (loss) from discontinued operations</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 2.5pt; text-align: left;"></td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(1)</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">896</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <!-- Field: Page;  ; Value:  48; Sequence:  55; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->55
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;</b></font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 13.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>QUARTERLY RESULTS OF OPERATIONS</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The following is a tabulation of quarterly results of operations for the years 2017, 2016 and 2015. Quarterly results presented differ from those previously reported in ARL&#x2019;s Form 10-Q due to the reclassification of the operations of properties sold or held for sale to discontinued operations in accordance with ASC topic 360:</font>
    </p>
    <table align="CENTER" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="text-align: center;" colspan="9">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="14">Three Months Ended 2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">March 31,</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">June 30,</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">September 30,</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">December 31,</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="14">(dollars in thousands, except share and per share amounts)</td>
            <td style="font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">2017</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in;">Total operating revenues</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">31,822</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">31,587</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">31,807</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">31,005</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Total operating expenses</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">27,345</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">26,759</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">26,397</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">28,292</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Operating income&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,477</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,828</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5,410</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,713</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Other expense</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(10,829</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(15,676</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(9,348</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(11,853</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Loss before gain on sales, non-contolling interest, and taxes</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(6,352</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(10,848</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,938</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(9,140</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Gain (loss) on sale of income producing properties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">12,760</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,938</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Gain (loss) on land sales</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">445</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(476</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,062</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,853</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Income tax benefit (expense)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(180</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss) from continued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(5,907</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(11,324</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">9,884</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(1,529</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net loss from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(5,907</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(11,324</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">9,884</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,529</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Less: net (income) loss attributable to non-controlling interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">193</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">435</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(522</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">339</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Preferred dividend requirement</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(275</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(275</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(275</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(280</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(5,989</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(11,164</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">9,087</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(1,470)</td>
            <td style="padding-bottom: 2.5pt; text-align: left;"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">PER SHARE DATA</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">Earnings per share - basic</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Loss from continued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.39</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.72</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">0.59</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.09</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.39</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.72</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">0.59</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Weighted average common shares used in computing earnings per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">Earnings per share - diluted</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Loss from continued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.39</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.72</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">0.59</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.09</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.39</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.72</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">0.59</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Weighted average common shares used in computing diluted earnings per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table align="CENTER" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="14">Three Months Ended 2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">March 31,</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">June 30,</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">September 30,</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">December 31,</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="14">(dollars in thousands, except share and per share amounts)</td>
            <td style="font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">2016</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in;">Total operating revenues</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">29,205</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">30,834</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">30,067</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 10%; text-align: right;">29,557</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Total operating expenses</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">25,881</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">26,212</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">26,272</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">26,664</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Operating income&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,324</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">4,622</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,795</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,893</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Other expense</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(8,470</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(8,156</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(9,252</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(10,447</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Loss before gain on sales, non-contolling interest, and taxes</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(5,146</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,534</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(5,457</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(7,554</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Gain (loss) on sale of income producing properties</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(244</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">5,168</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">11,283</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Gain (loss) on land sales</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,652</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,719</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">555</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(805</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Income tax benefit (expense)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(46</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss) from continued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(3,738</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">3,353</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(4,948</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">2,924</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net loss from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">2</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(3</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(3,736</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">3,353</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(4,948</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">2,921</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Less: net (income) loss attributable to non-controlling interest</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">530</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(864</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">1,194</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(1,182</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Preferred dividend requirement</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(497</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(53</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(275</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(276</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(3,703</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">2,436</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(4,029</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">1,463</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">PER SHARE DATA</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">Earnings per share - basic</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Loss from continued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.24</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">0.16</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.26</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">0.09</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.24</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">0.16</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.26</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Weighted average common shares used in computing earnings per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">Earnings per share - diluted</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Loss from continued operations</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.24</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">0.16</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">(0.26</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">0.09</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.24</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">0.16</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">(0.26</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">)</td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Weighted average common shares used in computing diluted earnings per share</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">15,514,360</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <!-- Field: Page;  ; Value:  48; Sequence:  56; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->56
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
    <!-- Field: /Page -->
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="14">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Three Months Ended 2015</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">March 31,</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">June 30,</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">September 30,</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">December 31,</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="14">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(dollars in thousands, except share and per share amounts)</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2015</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Total operating revenues</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">23,156</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">24,241</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">27,826</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="width: 10%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">28,965</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Total operating expenses</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">21,155</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">20,388</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">25,741</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">30,596</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Operating income&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,001</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,853</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,085</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,631</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Other expense</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(2,338</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(5,139</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(11,152</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(12,993</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Loss before gain on land sales, non-contolling interest, and taxes</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(337</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,286</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(9,067</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(14,624</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gain (loss) on land sales</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,876</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">3,027</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,958</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,787</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Income tax benefit</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">103</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(12</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">274</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(882</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income (loss) from continued operations</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,642</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,729</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(6,835</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,719</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income from discontinued operations</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">190</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(22</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">508</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">220</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income (loss)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,832</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,707</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(6,327</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,499</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Less: net (income) loss attributable to non-controlling interest</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">508</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(540</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1,164</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">195</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Preferred dividend requirement</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(390</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(275</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(275</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(276</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income (loss) applicable to common shares</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">2,950</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">892</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(5,438</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2.5pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1,580</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">PER SHARE DATA</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Earnings per share - basic</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Loss from continued operations</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.20</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(0.38</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(0.24</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Income from discontinued operations</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.01</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.03</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.01</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income (loss) applicable to common shares</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.21</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.06</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(0.35</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(0.23</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Weighted average common shares used in computing earnings per share</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">14,027,619</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">15,367,320</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">15,514,360</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">15,514,360</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Earnings per share - diluted</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Loss from continued operations</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.16</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.05</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(0.38</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(0.24</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Income from discontinued operations</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.01</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.03</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.01</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Net income (loss) applicable to common shares</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.17</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">0.05</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(0.35</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(0.23</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Weighted average common shares used in computing diluted earnings per share</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">17,426,707</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">17,844,339</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">15,514,360</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">15,514,360</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Sans-Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 14.&nbsp;</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>COMMITMENTS, CONTINGENCIES, AND LIQUIDITY</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><i>Liquidity.</i>&nbsp;&nbsp;&nbsp;Management believes that ARL will generate excess cash flow from property operations in 2018. Such excess however, will not be sufficient to discharge all of ARL&#x2019;s obligations as they become due. Management intends to sell land and income-producing real estate, refinance real estate and obtain additional borrowings primarily secured by real estate to meet its liquidity requirements.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><i>Guarantees. </i>TCI is a primary guarantor, on a $39.1 million mezzanine loan between UHF and a lender. In addition, ARL, and an officer of the Company are limited recourse guarantors of the loan. As of December 31, 2017 UHF was in compliance with the covenants to the loan agreement.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><i>Partnership Buyouts</i>.&nbsp;&nbsp;&nbsp;&nbsp;ARL is the limited partner in various partnerships related to the construction of residential properties. As permitted in the respective partnership agreements, ARL intends to purchase the interests of the general and any other limited partners in these partnerships subsequent to the completion of these projects. The amounts paid to buyout the nonaffiliated partners are limited to development fees earned by the nonaffiliated partners, and are set forth in the respective partnership agreements.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>ART and ART Midwest, Inc</b>.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">While the Company and all entities in which the Company has a direct or indirect equity interest are not parties to or obligated in any way for the outcome, a formerly owned entity (American Realty Trust, Inc.) and its former subsidiary (ART Midwest, Inc.) have been engaged since 1999 in litigation with Mr. David Clapper and entities related to Mr. Clapper (collectively, the &#x201C;Clapper Parties&#x201D;). The matter originally involved a transaction in 1998 in which ART Midwest, Inc. was to acquire eight residential apartment complexes from the Clapper Parties. Through the years, a number of rulings, both for and against American Realty Trust, Inc. &#x201C;ART&#x201D; and ART Midwest, Inc., were issued. In October 2011, a ruling was issued under which the Clapper Parties received a judgment for approximately $74 million, including $26 million in actual damages and $48 million interest. The ruling was against ART and ART Midwest, Inc., but no other entity. During February 2014, the Court of Appeals affirmed a portion of the judgment in favor of the Clapper Parties, but also ruled that a double counting of a significant portion of the damages had occurred and remanded the case back to the trial court to recalculate the damage award, as well as pre- and post-judgment interest thereon. Subsequently, the trial court recalculated the damage award, reducing it to approximately $59 million, inclusive of actual damages and then current interest. ART was also a significant owner of a partnership interest in the partnership that was awarded the initial damages in this matter.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The Clapper Parties subsequently filed a new lawsuit against ARI, its subsidiary EQK Holdings, Inc. &#x201C;EQK&#x201D;, and ART. The Clapper Parties seek damages from ARL for payment by ART to ARL of ART&#x2019;s stock in EQK in exchange for a release of the Antecedent Debt owed by ART to ARI.&nbsp;</font>In February 2018 the court determined that this legal matter should not have been filed in federal court and therefore granted motions to dismiss on jurisdictional grounds. The company has no knowledge as to whether the plaintiffs will attempt to refile their lawsuit in a state court.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">In 2005, ART filed suit against a major national law firm over the initial transaction. That action was initially abated while the principal case with the Clapper Parties was pending, but the abatement was recently lifted.&nbsp; The trial court subsequently dismissed the case on procedural grounds, but ART has filed a notice of appeal. The appeal was heard in February 2018 and we are awaiting a ruling by the appeals court. In January 2012, the Company sold all of the issued and outstanding stock of ART to an unrelated party for a promissory note in the amount of $10 million. At December 31, 2012, the Company fully reserved and valued such note at zero.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Dynex Capital, Inc.</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">On July 20, 2015, the 68<sup>th</sup>&nbsp;Judicial District Court in Dallas County, Texas issued its Final Judgment in Cause No. DC-03-00675, styled Basic Capital Management, Inc., American Realty Trust, Inc., Transcontinental Realty Investors, Inc., Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc. v. Dynex Commercial, Inc. The case, which was litigated for more than a decade, had its origin with Dynex Commercial making loans to Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc. (subsidiaries of Continental Mortgage &#38; Equity Trust (&#x201C;CMET&#x201D;), an entity which merged into TCI in 1999 after the original suit was filed). Under the original loan commitment, $160 million in loans were to be made to the entities. The loans were conditioned on the execution of a commitment between Dynex Commercial and Basic Capital Management, Inc. (&#x201C;Basic&#x201D;).</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">An original trial in 2004, which also included Dynex Capital, Inc. as a defendant, resulted in a jury awarding damages in favor of Basic for &#x201C;lost opportunity,&#x201D; as well as damages in favor of ART and in favor of TCI and its subsidiaries for &#x201C;increased costs&#x201D; and &#x201C;lost opportunity.&#x201D; The original Trial Court judge ignored the jury&#x2019;s findings, however, and entered a &#x201C;Judgment Notwithstanding the Verdict&#x201D; (&#x201C;JNOV&#x201D;) in favor of the Dynex entities (the judge held the Plaintiffs were not entitled to any damages from the Dynex entities). After numerous appeals by all parties, Dynex Capital, Inc. was ultimately dismissed from the case and the remaining claims against Dynex Commercial were remanded to the Trial Court for a new judgment consistent with the jury&#x2019;s findings. The Court entered the new Final Judgment against Dynex Commercial, Inc. on July 20, 2015.&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The Final Judgment entered against Dynex Commercial, Inc. on July 20, 2015 awarded Basic was $0.256 million in damages, plus pre-judgment interest of $0.192 million for a total amount of $0.448 million. The Judgment awarded ART was $14.2 million in damages, plus pre-judgment interest of $10.6 million for a total amount of $24.8 million. The Judgment awarded TCI was $11.1 million, plus pre-judgment interest of $8.4 million for a total amount of $19.5 million. The Judgment also awarded Basic, ART, and TCI post-judgment interest at the rate of 5% per annum from April 25, 2014 until the date their respective damages were paid. Lastly, the Judgement awarded Basic, ART, and TCI was $1.6 million collectively in attorneys&#x2019; fees from Dynex Commercial, Inc.&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The Company is working with counsel to identify assets and collect on the Final Judgment against Dynex Commercial, Inc., as well as explore possible additional claims, if any, against Dynex Capital, Inc.&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 15. </b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>EARNINGS PER SHARE</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Earnings per share (&#x201C;EPS&#x201D;) has been computed pursuant to the provisions of ASC Topic 260 &#x201C;<i>Earnings Per Share.&#x201D; </i>The computation of basic EPS is calculated by dividing net income available to common shareholders from continuing operations, adjusted for preferred dividends, by the weighted-average number of common shares outstanding during the period. Shares issued during the period shall be weighted for the portion of the period that they were outstanding.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">As of December 31, 2017, we have 2,000,614 shares of Series A 10.0% cumulative convertible preferred stock, which are outstanding. These shares may be converted into common stock at 90% of the average daily closing price of the common stock for the prior 20 trading days. These are considered in the computation of diluted earnings per share if the effect of applying the if-converted method is dilutive. Of the outstanding 2,000,614 shares, 900,000 are held by ARL. Dividends are not paid on the shares owned by ARL.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Prior to July 17, 2014, RAI owned 2,451,435 shares of the outstanding Series A 10.0.0% convertible preferred stock and had accrued dividends unpaid of $15.1 million. On July 17, 2014, RAI converted 890,797 shares, including $6.3 million in accumulated dividends unpaid for these shares, into the requisite number of shares of common stock. This conversion resulted in the issuance of 2,502,230 new shares of ARL common stock. On April 9, 2015, RAI converted 460,638 shares including $2.3 million in accumulated dividends unpaid for these shares, into the requisite number of shares of common stock. This conversion resulted in the issuance of 1,486,741 new shares of ARL common stock. As of December 31, 2017, RAI owns 1,100,000 shares of the outstanding Series A convertible preferred stock and has accrued dividends unpaid of $9.7 million.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">The Company had 135,000 shares of Series K convertible preferred stock, which were held by TCI and used as collateral on a note. The note has been paid in full and the Series K preferred stock was cancelled May 7, 2014.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Prior to January 1, 2015, the Company had 1,000 shares of stock options outstanding. These options expired unexercised January 1, 2015. The options are no longer included in the dilutive earnings per share calculation for the current period, but are considered in the computation for the prior periods if applying the &#x201C;treasury stock&#x201D; method is dilutive.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">As of December 31, 2017, the Series A convertible preferred stock and the stock options were anti-dilutive and therefore not included in the EPS calculation.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>&nbsp;&nbsp;</b></font>
    </p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.75in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>NOTE 16.</b></font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><i>SUBSEQUENT EVENTS</i></b></font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p>The date to which events occurring after December 31, 2017, the date of the most recent balance sheet, have been evaluated for possible adjustments to the financial statements or disclosure is March 30, 2017, which is the date of which the financial statements were available to be issued. There are no subsequent events that would require an adjustment to the financial statements.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">On February 15, 2018, Southern issued Series B bonds in the amount of NIS 137.7 million par value (approximately $39.4 million as of February 15, 2018). The Series B bonds are registered on the TASE. The bonds are reported in NIS and bear stated annual interest rate of 6.8%. Interest shall be repaid January 31 and July 31 of each of the years 2019 to 2023 (inclusive), first payment commencing on July 31, 2018. The principal shall be repaid in ten equal installments on January 31 and July 31 of each of the years from 2015 to 2025 (inclusive). The total bond issuance cost incurred is 41.4 million.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">In March 2018, the Company and a substantial financial institution (&#x201C;Macquarie&#x201D;) entered into an agreement to form a special purpose entity (&#x201C;Joint Venture&#x201D;) that would principally own and operate the existing TCI Class A multifamily residential portfolio that is currently owned 100% by Company&#x2019;s subsidiaries.&nbsp; The Joint Venture would also actively participate in the development and/or acquisitions of additional Class A assets. It is anticipated that the Southern and Macquarie would each have a 49% ownership interest and a 50% voting interest in the Joint Venture.&nbsp; The remaining 2% ownership interest would be allotted to Daniel J. Moos, the current President and Chief Executive Officer of TCI and Abode Properties The completion of agreement is subject to the approval of certain regulators.</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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            &nbsp;</p>
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    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</div>
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    <p style="margin: 0;">&nbsp;</p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b><a name="arl10kb008"></a>Schedule III</b></font>
    </p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">
            <font style="font-family: Times New Roman, Times, Serif;"><b>AMERICAN REALTY INVESTORS, INC.</b>&nbsp;</font>
        </font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>REAL ESTATE AND ACCUMULATED DEPRECIATION</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>December 31, 2017</b></font>
    </p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
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                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">Cost Capitalized</font>
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                <font style="font-size: 6pt;">Subsequent to</font>
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                <font style="font-size: 6pt;">Asset</font>
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            <td style="text-align: center; font-weight: bold;" colspan="10">
                <font style="font-size: 6pt;">Gross Amounts of Which</font>
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                <font style="font-size: 6pt;">Life on Which</font>
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        <tr style="vertical-align: bottom;">
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">
                <font style="font-size: 6pt;">Initial Cost</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Acquisition</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Impairment</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="10">
                <font style="font-size: 6pt;">Carried at End of Year</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Depreciation</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">In Latest</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Statement</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Asset</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Building &#38;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Accumulated</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Date of</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Date</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">of Operation</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-left: 9pt; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Property/Location</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Encumbrances</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Land</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Buildings</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Improvements</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Impairment</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Land</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Improvements</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Total</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Depreciation</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Construction</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Acquired</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">is Computed</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: center;" colspan="46">
                <font style="font-size: 6pt;"><b>(dollars in thousands)</b></font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Properties Held for Investment Apartments</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; width: 16%; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Anderson Estates, Oxford, MS</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">769</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">378</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">2,683</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">313</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">378</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">2,996</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">3,374</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">799</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">2003</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Blue Lake Villas I, Waxahachie, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,448</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">438</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,252</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">19</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">438</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,271</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,709</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,801</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/02</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Blue Lake Villas II, Waxahachie, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,769</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">287</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,496</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">287</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,496</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,783</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,139</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2004</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Breakwater Bay, Beaumont, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">9,112</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">740</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,498</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">740</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,498</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,238</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,390</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2004</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">05</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/03</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Bridgewood Ranch, Kaufman, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,233</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">762</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,913</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">762</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,913</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7,675</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,730</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2007</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">04</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/08</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Capitol Hill, Little Rock, AR</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">8,740</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,860</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">8,002</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,860</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">8,002</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">9,862</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,713</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/03</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Centennial, Oak Ridge, TN</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,518</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,570</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">22,589</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,570</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">22,589</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">25,159</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,365</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2011</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Crossing at Opelika, Opelika, AL</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,399</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,606</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,451</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,606</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,451</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,057</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">628</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2015</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Curtis Moore Estates, Greenwood, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,498</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">186</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,976</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">702</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">186</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,678</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,864</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,939</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Dakota Arms, Lubbock, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,194</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">921</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,834</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">168</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">921</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,002</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,923</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,195</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2004</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">David Jordan Phase II, Greenwood, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">551</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">51</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,591</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">225</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">51</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,816</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,867</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">506</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1999</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">David Jordan Phase III, Greenwood, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">556</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">83</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,179</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">356</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">83</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,535</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,618</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">649</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Desoto Ranch, DeSoto, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,877</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,349</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,838</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,349</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,849</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,198</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,843</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2002</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">05</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/02</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Falcon Lakes, Arlington, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,352</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,318</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,461</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">27</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,318</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,488</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15,806</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,570</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2001</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/01</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Heather Creek, Mesquite, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,976</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,326</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,157</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,326</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,175</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,501</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,934</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/03</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Holland Lake, Weatherford, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,510</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,450</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,955</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,450</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,955</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,405</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">976</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2004</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">05</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Lake Forest, Houston, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,808</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">335</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,221</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">335</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,221</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,556</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,282</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2004</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Legacy at Pleasant Grove, Texarkana, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,495</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,005</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,109</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,005</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,109</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,114</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,384</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2006</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Lofts at Reynolds Village, Asheville, NC</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">28,230</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,704</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">33,340</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,704</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">33,340</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">37,044</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">208</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2012</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Lodge at Pecan Creek, Denton, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15,959</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,349</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,180</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,349</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,180</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">17,529</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,494</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2011</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Mansions of Mansfield, Mansfield, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15,084</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">977</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">17,843</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">31</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">977</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">17,874</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,851</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,916</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2009</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">09</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Metropolitan Apartments, North Little Rock, AR</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">25,233</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,323</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">29,857</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,323</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">29,857</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">33,180</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,109</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2010</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/16</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Mission Oaks, San Antonio, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,433</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,266</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,717</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">122</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,266</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,839</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,105</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,495</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2005</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">05</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Monticello Estate, Monticello, AR</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">431</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">36</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,493</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">264</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">36</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,757</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,793</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">460</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2001</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Northside on Travis, Sherman, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,873</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,300</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,586</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,300</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,586</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15,886</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,038</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2009</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/07</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Oak Hollow, Sequin, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,680</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,435</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,403</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,435</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,403</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,838</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">775</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2011</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Oceanaire Apartments, Biloxi, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,791</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,384</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,575</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,384</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,575</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,959</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">318</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2009</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/16</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Overlook at Allensville, Sevierville, TN</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,079</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,228</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,297</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,228</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,297</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,525</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">881</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2012</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Parc at Clarksville, Clarksville, TN</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,441</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">571</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,360</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">59</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">571</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,419</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,990</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,385</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2007</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/02</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Parc at Denham Springs, Denham Springs, LA</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,249</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,022</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,188</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">100</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,022</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,288</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">21,310</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,517</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2011</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/07</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Parc at Maumelle, Little Rock, AR</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15,438</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,048</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,464</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,048</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,464</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">19,512</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,248</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2006</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Parc at Metro Center, Nashville, TN</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,148</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">947</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,601</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">182</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">947</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,783</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,730</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,672</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2006</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">05</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Parc at Rogers, Rogers, AR</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,004</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,482</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">23,176</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">266</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(3,180</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,482</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,262</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">21,744</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,836</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2007</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">04</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Preserve at Pecan Creek, Denton, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,006</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">885</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,668</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">17</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">885</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,685</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">17,570</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,893</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2008</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Preserve at Prairie Pointe, Lubbock, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">9,928</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,074</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,782</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,074</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,782</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,856</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">748</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2005</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">04</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Riverwalk Phase I, Greenville, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">272</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">23</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,543</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">175</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">23</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,718</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,741</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">504</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Riverwalk Phase II, Greenville, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,053</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">52</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,051</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">364</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">52</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,415</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,467</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,572</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Sawgrass Creek, New Port Richey, FL</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">784</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7,056</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">784</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7,056</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7,840</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">249</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2008</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/16</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Sonoma Court, Rockwall, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,456</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">941</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,136</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">941</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,136</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,077</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,779</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2011</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/10</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Sugar Mill, Baton Rouge, LA</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,031</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,437</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,437</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">135</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,437</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,572</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15,009</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,838</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2009</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/08</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Tattersall Village, Hinesville, GA</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,025</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,670</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">23,767</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,670</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">23,767</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">26,437</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">594</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2010</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/16</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Toulon, Gautier, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,104</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,621</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,107</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">372</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,621</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,479</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">22,100</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,267</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2011</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">09</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/09</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Tradewinds, Midland, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,882</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,313</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,073</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,313</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,073</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">23,386</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,250</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2015</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Villager, Ft. Walton, FL</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">713</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">141</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,267</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">141</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,267</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,408</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">84</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1972</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Villas at Park West I, Pueblo, CO</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,250</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,171</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,453</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,171</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,453</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,624</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">806</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2005</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Villas at Park West II, Pueblo, CO</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">9,278</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,463</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,060</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,463</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,060</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,523</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,007</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2010</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Vista Ridge, Tupelo, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10,530</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,339</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,398</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,339</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,398</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,737</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,197</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2009</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Vistas of Vance Jackson, San Antonio, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,834</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,265</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,760</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">121</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,265</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,881</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">18,146</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,159</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2004</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Waterford, Roseberg, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,940</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,341</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,926</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,341</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">20,926</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">23,267</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,305</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2013</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Westwood, Mary Ester, FL</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,938</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">693</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,650</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">693</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,650</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7,343</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">430</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1972</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Windsong, Fort Worth, TX</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">10,459</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">790</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">11,595</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">790</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">11,595</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">12,385</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">4,019</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2002</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/03</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Apartments Held for Investment</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">566,577</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">60,740</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">672,014</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">4,047</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">(3,180</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">60,740</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">672,881</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">733,621</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">113,896</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Apartments Under Construction</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Abode Red Rock</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">22,945</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,038</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">28,095</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,038</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">28,095</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">34,133</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Apalache Point</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">149</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">149</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">149</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Eagle Crossing</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">81</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">81</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">81</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Forest Pines</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,040</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">269</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,040</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">269</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,309</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Lakeside Lofts, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,079</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,079</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,079</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">McKinney Point</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">137</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">137</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">137</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Parc at Bentonville</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">85</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">85</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">85</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Parc at Garland</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">81</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">81</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">81</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Parc at Wylie</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">195</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">195</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">195</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Oak Hollow II</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,475</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,046</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,622</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,046</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,622</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,668</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">04</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Overlook at Allensville Square II, Sevierville, TN</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,843</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">530</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,843</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">530</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,373</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Sawgrass II</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,007</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,772</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,772</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,772</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/17</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Sugar Mill II</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Terra Lago, Rowlett, TX</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">39,042</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">5,588</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">42,137</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">5,588</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">42,137</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">47,725</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Apartments Under Construction</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">68,470</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">19,555</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">85,236</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">19,555</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">85,236</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">104,791</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <p style="margin: 0;">&nbsp;</p>
    <!-- Field: Page;  ; Options:  NewSection; Value:  62; Sequence:  61; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->62
            <!-- Field: /Sequence -->
            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt"></p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 20%;">&nbsp;</td>
            <td style="width: 40%; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>AMERICAN REALTY INVESTORS, INC.</b></font>
            </td>
            <td style="width: 20%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Schedule III</b></font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>REAL ESTATE AND ACCUMULATED DEPRECIATION</b></font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Continued</b></font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>December 31, 2017</b></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Cost Capitalized</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Subsequent to</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Asset</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="10">
                <font style="font-size: 6pt;">Gross Amounts of Which</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td nowrap style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Life on Which</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">
                <font style="font-size: 6pt;">Initial Cost</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Acquisition</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Impairment</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="10">
                <font style="font-size: 6pt;">Carried at End of Year</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Depreciation</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>In Latest</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Statement</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>&nbsp;Asset&nbsp;&nbsp;</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>&nbsp;Building &#38; </b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>&nbsp;Accumulated </b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Date of</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Date</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>of Operation</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">Property/Location</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Encumbrances</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Land</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Buildings</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Improvements</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Impairment</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Land</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Improvements</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Total</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Depreciation</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Construction</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Acquired</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>is Computed</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: center;" colspan="46">
                <font style="font-size: 6pt;"><b>(dollars in thousands)</b></font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Commercial</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; width: 16%; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">600 Las Colinas, Las Colinas, TX</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">38,600</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">5,751</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">53,972</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">16,360</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">5,751</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">70,332</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">76,083</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">26,899</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">1984</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td style="width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">770 South Post Oak, Houston, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12,600</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,763</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15,839</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">264</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,763</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16,103</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">17,866</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,122</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1970</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/15</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Bridgeview Plaza, LaCrosse, WI</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,906</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">658</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">476</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,134</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,134</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">617</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1979</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/03</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Browning Place (Park West I), Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">42,473</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,096</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">47,711</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,728</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,096</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">61,439</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">66,535</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">23,746</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1984</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">04</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Mahogany Run Golf Course, US Virgin Islands</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">418</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,037</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">147</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(5,300</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">418</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">884</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,302</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">502</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1981</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Fruitland Plaza, Fruitland Park, FL</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">17</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">16</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">67</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">17</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">83</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">100</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">54</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">05</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/92</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Senlac VHP,&nbsp;&nbsp;Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">622</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">58</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">85</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">622</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">143</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">765</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">139</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Stanford Center, Dallas, TX</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">28,000</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">3,878</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">35,476</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">7,257</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">(9,600</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">3,878</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">33,133</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">37,011</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">10,567</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/08</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font: 6pt Times New Roman, Times, Serif;">40 years</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Commercial Held for Investment</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">126,579</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">17,545</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">159,767</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">38,384</font>
            </td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">(14,900</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">17,545</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">183,251</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">200,796</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">63,646</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Land</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Audubon, Adams County, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">519</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">296</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">519</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">296</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">815</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/07</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Bonneau Land, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,309</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,309</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,309</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Cooks Lane, Fort Worth, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">157</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,094</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,094</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,094</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Dedeaux, Gulfport, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,612</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">46</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(38</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,612</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">8</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,620</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Denham Springs, Denham Springs, LA</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">61</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">714</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">714</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">714</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/08</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Gautier Land, Gautier, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">202</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">202</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">202</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/98</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Lake Shore Villas, Humble, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">81</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">81</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">84</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/02</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Lubbock Land, Lubbock, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">234</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">234</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">234</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Nakash, Malden, MO</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">103</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">103</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">103</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/93</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Nashville, Nashville, TN</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">278</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">59</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">278</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">59</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">337</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/02</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Ocean Estates, Gulfport, MS</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,418</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">390</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,418</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">390</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,808</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/07</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Texas Plaza Land, Irving, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,738</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(238</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,738</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(238</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,500</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">12</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Union Pacific Railroad Land, Dallas, TX</font>
            </td>
            <td>
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            <td style="text-align: right;">
                <font style="font-size: 6pt;">130</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">130</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="text-align: right;">
                <font style="font-size: 6pt;">130</font>
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            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
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                <font style="font-size: 6pt;">/04</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Willowick Land, Pensacola, FL</font>
            </td>
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            </td>
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            <td style="text-align: right;">
                <font style="font-size: 6pt;">137</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">137</font>
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                <font style="font-size: 6pt;">137</font>
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            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
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            <td style="text-align: left;">
                <font style="font-size: 6pt;">/95</font>
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        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Windmill Farms Land, Kaufman County, TX</font>
            </td>
            <td>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,922</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">48,927</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">14,210</font>
            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            <td style="text-align: right;">
                <font style="font-size: 6pt;">(20,376</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">48,927</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(6,166</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">42,761</font>
            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11</font>
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            <td style="text-align: left;">
                <font style="font-size: 6pt;">/11</font>
            </td>
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            </td>
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        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">2427 Valley View Ln, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">76</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">76</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            </td>
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            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">76</font>
            </td>
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            </td>
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            </td>
            <td style="text-align: left;">
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            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
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                <font style="font-size: 6pt;">/12</font>
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            </td>
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        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">GNB Land ARI 8/06 L2870</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            </td>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,010</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,010</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,010</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&#x2014;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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            <td>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">GNB Land Edina 6/07 L2875</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7,955</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(6,023</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7,955</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(6,023</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,932</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&#x2014;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">GNB Land Edina B1530</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,135</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">32</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(3,692</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,135</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(3,660</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,475</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Hollywood Casino Land Tract II, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,192</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,346</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,192</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,346</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,538</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/08</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Lacy Longhorn Land, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,169</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(760</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,169</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(760</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">409</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/04</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Manhattan Land</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(344</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">611</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">611</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">267</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Minivest Land, Dallas, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">04</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/13</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Mira Lago,&nbsp;&nbsp;Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">53</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">53</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">15</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">68</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">05</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/01</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Nicholson Croslin, Dallas, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">184</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(118</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">184</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(118</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">66</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/98</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Nicholson Mendoza, Dallas, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">80</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(51</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">80</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(51</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">29</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/98</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Senlac Land Tract II, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">656</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">656</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">656</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Valley View 34 (Mercer Crossing), Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,173</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(945</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,173</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(945</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">228</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/08</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Dominion Mercer, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11,125</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,040</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,998</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,040</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,998</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">7,038</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">10</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/16</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Mandahl Bay Land</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">667</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">667</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">667</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Meloy/Portage Land</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,119</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(1,069</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">5,119</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(1,069</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4,050</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">McKinney 36, Collin County, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,211</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">456</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">161</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(19</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">456</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">142</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">598</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">01</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/98</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Travis Ranch Land, Kaufman County, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">307</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">80</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">80</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">80</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/08</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Travis Ranch Retail, Kaufman City, TX</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">1,517</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">1,517</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">1,517</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">08</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/08</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Land Held for Investment</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">27,783</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">90,721</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">20,167</font>
            </td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">(33,329</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">91,065</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">(13,162</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">77,559</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <p style="margin: 0;">&nbsp;</p>
    <!-- Field: Page;  ; Options:  NewSection; Value:  63; Sequence:  62; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->63
            <!-- Field: /Sequence -->
        </p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 20%;">&nbsp;</td>
            <td style="width: 60%; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>AMERICAN REALTY INVESTORS, INC.</b></font>
            </td>
            <td style="width: 20%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Schedule III</b></font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>REAL ESTATE AND ACCUMULATED DEPRECIATION</b></font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Continued</b></font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>December 31, 2017</b></font>
            </td>
            <td>&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Cost Capitalized</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Subsequent to</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Asset</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="10">
                <font style="font-size: 6pt;">Gross Amounts of Which</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td nowrap style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Life on Which</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">
                <font style="font-size: 6pt;">Initial Cost</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Acquisition</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Impairment</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="10">
                <font style="font-size: 6pt;">Carried at End of Year</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;" colspan="2">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-size: 6pt;">Depreciation</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>In Latest</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Statement</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Asset&nbsp;&nbsp;</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Building &#38; </b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Accumulated </b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Date of</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Date</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>of Operation</b></font>
            </td>
            <td style="text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">Property/Location</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Encumbrances</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Land</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Buildings</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Improvements</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Impairment</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Land</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Improvements</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Total</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Depreciation</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Construction</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>Acquired</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font: 6pt Times New Roman, Times, Serif;"><b>is Computed</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 9pt; text-align: center;" colspan="46">
                <font style="font-size: 6pt;"><b>(dollars in thousands)</b></font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Corporate Departments/Investments/Misc.</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; width: 16%; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">TCI - Corporate</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">119,786</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">660</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">660</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">660</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: right;">
                <font style="font-size: 6pt;">4</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="width: 4%; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Corporate Departments/Investments/Misc.</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">119,786</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">660</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">660</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">660</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">4</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Properties Held for Investment</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">909,195</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">188,561</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">832,441</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">147,834</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">(51,409</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">188,905</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">928,866</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">1,117,427</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">177,546</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Properties Held for Sale</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Commercial</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Commercial Held for Sale</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Properties Held for Sale</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Properties Subject to Sales Contract Apartments</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Aparments Subject to Sales Contract</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Commercial</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
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            </td>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
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                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="border-bottom: Black 1pt solid; text-align: left;">
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            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
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            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
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            </td>
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            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
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            </td>
            <td style="text-align: right;">
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            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Commercial Subject to Sales Contract</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
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            <td style="text-align: right; font-weight: bold;">
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            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
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            <td style="text-align: right; font-weight: bold;">
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            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
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            <td style="text-align: right; font-weight: bold;">
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            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
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            <td style="text-align: right; font-weight: bold;">
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            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
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            <td style="text-align: right; font-weight: bold;">
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            <td style="text-align: left; font-weight: bold;">
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
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            <td style="text-align: right; font-weight: bold;">
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            <td style="text-align: left; font-weight: bold;">
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                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
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            <td style="text-align: right; font-weight: bold;">
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            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
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            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
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            <td style="text-align: right; font-weight: bold;">
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            <td style="text-align: left; font-weight: bold;">
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            <td style="text-align: left;">
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            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Land</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Dominion Tract, Dallas, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,079</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,083</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">53</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(133</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">2,003</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/99</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Hollywood Casino Tract I, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">420</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,608</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">125</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(110</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,623</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,623</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/02</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">LaDue Land, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,845</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,845</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,845</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">07</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/98</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Three Hickory Land, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,202</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,202</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,202</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">03</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/14</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Travelers Land, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">21,511</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">4</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">21,515</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">21,515</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Travelers Land, Farmers Branch, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">6,891</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(4,978</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,913</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">1,913</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">11</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Valwood Land</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,332</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,332</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">3,332</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Walker Land, Dallas County, TX</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">19,167</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">70</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">(6,062</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,175</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">13,175</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">09</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">/06</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt;">
                <font style="font-size: 6pt;">Whorton Land, Bentonville, AR</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">3,510</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">568</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">(2,451</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">1,627</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">1,627</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">06</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">/05</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Land Subject to Sales Contract</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">1,499</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">61,149</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">820</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">(13,734</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">48,235</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">48,235</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Properties Subject to Sales Contract</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">1,499</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">61,149</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">820</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">(13,734</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">48,235</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">48,235</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Land Sold</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">Total Land Sold</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;"></td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">&#x2014;</font>
            </td>
            <td style="text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; padding-left: 9pt; text-align: left; text-indent: -9pt; font-weight: bold;">
                <font style="font-size: 6pt;">TOTAL:&nbsp;&nbsp;Real Estate</font>
            </td>
            <td style="padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">910,694</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">249,710</font>
            </td>
            <td style="border-bottom: Black 2pt double; padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">832,441</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">148,654</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font-weight: bold;"></td>
            <td style="padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">(65,143</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">)</font>
            </td>
            <td style="padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">237,140</font>
            </td>
            <td style="border-bottom: Black 2pt double; padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">928,866</font>
            </td>
            <td style="border-bottom: Black 2pt double; padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">1,165,662</font>
            </td>
            <td style="border-bottom: Black 2pt double; padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; padding-bottom: 2pt; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; text-align: right; font-weight: bold;">
                <font style="font-size: 6pt;">177,546</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font-weight: bold;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left;">
                <font style="font-size: 6pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <!-- Field: Page;  ; Value:  63; Sequence:  63; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->64
            <!-- Field: /Sequence -->
        </p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <p style="margin-bottom: 0pt; margin-left: 0in; margin-top: 0; text-align: right; text-indent: 0in; font-size: 10pt;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>SCHEDULE III</b></font>
    </p>
    <p style="margin-bottom: 0pt; margin-left: 0in; margin-top: 0; text-align: right; text-indent: 0in; font-size: 10pt;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>(Continued)</b></font>
    </p>
    <p style="margin: 0;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin-bottom: 0pt; margin-top: 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>AMERICAN REALTY INVESTORS, INC.</b></font>
    </p>
    <p style="margin-bottom: 0pt; margin-top: 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>REAL ESTATE AND ACCUMULATED DEPRECIATION</b></font>
    </p>
    <p style="margin-bottom: 0pt; margin-top: 0; text-align: center; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;"><b>As of December 31, 2017</b></font>
    </p>
    <p style="margin-bottom: 0pt; margin-left: 0in; margin-top: 0; text-indent: 0in; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif;">&nbsp;</font>&nbsp;</p>
    <table style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td colspan="2">&nbsp;</td>
            <td>&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">2015</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="10">(dollars in thousansds)</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Reconciliation of Real Estate</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; width: 55%; text-indent: -9pt;">Balance at January 1,</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 12%; text-align: right;">1,066,603</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 12%; text-align: right;">1,003,545</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 12%; text-align: right;">831,540</td>
            <td style="width: 1%; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">Additions</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 27pt; text-align: left; text-indent: -9pt;">Acquisitions, improvements and construction</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">129,483</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">112,762</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">216,090</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">Deductions</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 27pt; text-align: left; text-indent: -9pt;">Sale of real estate</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(30,424</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(49,704</td>
            <td style="text-align: left;">)</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">(38,785</td>
            <td style="text-align: left;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 27pt; text-align: left; text-indent: -9pt;">Asset impairments</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(5,300</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; padding-left: 9pt; text-indent: -9pt;">Balance at December 31,</td>
            <td style="padding-bottom: 2pt;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">1,165,662</td>
            <td style="padding-bottom: 2pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2pt;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">1,066,603</td>
            <td style="padding-bottom: 2pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2pt;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">1,003,545</td>
            <td style="padding-bottom: 2pt; text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt;">Reconciliation of Accumulated Depreciation</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 9pt; text-indent: -9pt;">Balance at January 1,</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">165,597</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">150,038</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">$</td>
            <td style="text-align: right;">131,777</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">Additions</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 27pt; text-indent: -9pt;">Depreciation</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">24,417</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">23,277</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">20,386</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 18pt; text-indent: -9pt;">Deductions</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 27pt; text-align: left; text-indent: -9pt;">Sale of real estate</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(12,468</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(7,718</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">(2,125</td>
            <td style="padding-bottom: 1pt; text-align: left;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2pt; padding-left: 9pt; text-indent: -9pt;">Balance at December 31,</td>
            <td style="padding-bottom: 2pt;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">177,546</td>
            <td style="padding-bottom: 2pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2pt;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">165,597</td>
            <td style="padding-bottom: 2pt; text-align: left;">&nbsp;</td>
            <td style="padding-bottom: 2pt;">&nbsp;</td>
            <td style="border-bottom: Black 2pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2pt double; text-align: right;">150,038</td>
            <td style="padding-bottom: 2pt; text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <!-- Field: Page;  ; Value:  63; Sequence:  64; -->
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        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->65
            <!-- Field: /Sequence -->
        </p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: right; font: 10pt Times New Roman, Times, Serif;" nowrap><b><a name="arl10kb009"></a>SCHEDULE IV</b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: center; font: 10pt Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif;"><b>AMERICAN REALTY INVESTORS, INC.</b></font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif;"><b>MORTGAGE LOANS </b></font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif;"><b>December 31, 2017</b></font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-left: 0.125in; width: 36%; text-align: center; text-indent: -0.125in;"><b>Description</b></td>
            <td style="width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 6%; text-align: center;"><b>&nbsp;Interest Rate</b></td>
            <td style="width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 5%; text-align: center;"><b>Final Maturity Date</b></td>
            <td style="width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 18%; text-align: center;"><b>Periodic Payment Terms</b></td>
            <td style="width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 4%; text-align: center;"><b>Prior Liens</b></td>
            <td style="width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 8%; text-align: center;"><b>Face Amount of Mortgage</b></td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 9%; text-align: center;"><b>&nbsp;Carrying Amount of Mortgage </b></td>
            <td style="width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 7%; text-align: center;"><b>Principal or Loans Subject to Delinquent Principal or Interest</b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: center; text-indent: -0.125in;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: center;" colspan="5"><b>(dollars in thousands)</b></td>
            <td style="text-align: center;">&nbsp;</td>
            <td style="text-align: right;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-indent: -0.125in;">&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Christine Tunney</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;49</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;48</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Compton Partners</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;289</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;289</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>David Monier</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;97</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;97</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Earl Samson III</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;96</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;96</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Edward Samson III</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;96</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;96</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: bottom; text-indent: -0.125in;"><b>H198, LLC</b></td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>12.00%</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: center;" nowrap>01/20</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;5,907</td>
            <td style="vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;5,907</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white;">
            <td style="padding-left: 0.125in; vertical-align: bottom; text-indent: -0.125in;">Las Vegas Land</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Hammon Operating Corporation</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Harold Wolfe</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Herrick Partners</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;91</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;91</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Mary Anna MacLean</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Michael Monier</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;304</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;304</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Michale Witte</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;96</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;96</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Palmer Brown Madden</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;96</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;96</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Richard Schmaltz</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;203</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;203</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Robert Baylis</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Sherman Bull</b></td>
            <td style="vertical-align: bottom;">&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>10.00%</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>09/17</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Interest only paid quarterly.</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;193</td>
            <td style="vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: center;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
            <td nowrap>&nbsp;</td>
            <td style="text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Echo Station) </b></td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>12.00%</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: center;" nowrap>12/32</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: top;">Excess cash flow</td>
            <td style="vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;9,719</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;1,809</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;1,481</td>
            <td style="vertical-align: top;" nowrap>&nbsp;</td>
            <td style="vertical-align: top; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; font-family: Times New Roman, Times, Serif;">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font-family: Times New Roman, Times, Serif;">
                <p style="margin: 0pt 0 0pt 0.25in; text-indent: -0.25in; font: 10pt Times New Roman, Times, Serif;">
                    <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">100% Interest in UH of Temple, LLC&nbsp;</font>
                </p>
            </td>
            <td style="vertical-align: bottom; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; text-align: center; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: bottom; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; text-align: center; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: bottom; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; font-family: Times New Roman, Times, Serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: bottom; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; text-align: right; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; text-align: right; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; text-align: right; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: top; text-align: right; font-family: Times New Roman, Times, Serif;" nowrap>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <!-- Field: Page;  ; Value:  63; Sequence:  65; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->66
            <!-- Field: /Sequence -->
        </p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font-size: 10pt;"><b>SCHEDULE IV</b></p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font-size: 10pt;">&nbsp;</p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font-size: 10pt;"><b>(Continued)</b></p>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: center;" nowrap><b>AMERICAN REALTY INVESTORS, INC.</b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;" nowrap><b>MORTGAGE LOANS </b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;" nowrap><b>December 31, 2017</b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">
        <font style="font-size: 10pt;">&nbsp;</font>
    </p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; width: 36%; text-align: center;"><b>Description</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 6%; vertical-align: bottom; text-align: center;"><b>&nbsp;Interest Rate</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 5%; vertical-align: bottom; text-align: center;"><b>Final Maturity Date</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 18%; vertical-align: bottom; text-align: center;"><b>Periodic Payment Terms</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 4%; vertical-align: bottom; text-align: center;"><b>Prior Liens</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 8%; vertical-align: bottom; text-align: center;"><b>Face Amount of Mortgage</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 9%; vertical-align: bottom; text-align: center;"><b>&nbsp;Carrying Amount of Mortgage </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 7%; vertical-align: bottom; text-align: center;"><b>Principal or Loans Subject to Delinquent Principal or Interest</b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; text-indent: -0.125in;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;" colspan="5"><b>(dollars in thousands)</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Inwood on the Park/UH of Inwood, LLC) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;22,227</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;5,462</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;3,639</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">100% Interest in UH of Inwood, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Kensington Park/UH of Kensington, LLC) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;18,723</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;4,310</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;3,933</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">100% Interest in UH of Kensington, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) (31.5% of cash flow) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;15,756</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;8,836</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;6,369</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;">Interest in Unified Housing Foundation Inc.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;15,965</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;2,959</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;2,732</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">100% Interest in HFS of Humble, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Limestone Ranch) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;18,641</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;12,335</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;7,953</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;">100% Interest in UH of Vista Ridge, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Reserve at White Rock I) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;15,640</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;2,794</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;2,485</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">100% Interest in UH of Harvest Hill I, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Reserve at White Rock II) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;14,026</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;2,843</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;2,555</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">100% Interest in UH of Harvest Hill, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Timbers of Terrell) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;7,294</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;1,702</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;1,323</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;">100% Interest in UH of Terrell, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Tivoli) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;10,398</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;12,761</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;7,966</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;">100% Interest in UH of Tivoli, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Trails at White Rock) </b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>12/32</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;21,712</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;4,245</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;3,815</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">100% Interest in UH of Harvest Hill III, LLC</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>William H. Ingram</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>10.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>09/17</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Interest only paid quarterly.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;96</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;96</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;"><b>William S. Urkiel</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>10.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>09/17</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Interest only paid quarterly.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;97</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;97</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Willingham Revocable Trust</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>10.00%</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>09/17</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Interest only paid quarterly.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;96</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;96</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;"><b>Various related party notes</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>various</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>various</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;1,349</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;1,349</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;"><b>Various non-related party notes</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>various</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;" nowrap>various</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;496</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;796</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;" nowrap>&nbsp;&#x2014;</td>
        </tr>
    </table>
    <!-- Field: Page;  ; Value:  63; Sequence:  66; -->
    <div style="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->67
            <!-- Field: /Sequence -->
        </p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font-size: 10pt;"><b>SCHEDULE IV</b></p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font-size: 10pt;">&nbsp;</p>
    <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font-size: 10pt;"><b>(Continued)</b></p>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: center;"><b>AMERICAN REALTY INVESTORS, INC.</b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;"><b>MORTGAGE LOANS </b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;"><b>December 31, 2017</b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; text-indent: -0.125in;"><b>Description</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;"><b>&nbsp;Interest Rate</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;"><b>Final Maturity Date</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;"><b>Periodic Payment Terms</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;"><b>Prior Liens</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;"><b>Face Amount of Mortgage</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center;" colspan="2"><b>Carrying Amount of Mortgage</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;"><b>Principal or Loans Subject to Delinquent Principal or Interest</b></td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; text-indent: -0.125in;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;" colspan="6"><b>(dollars in thousands)</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; width: 35%; vertical-align: top; text-indent: -0.125in;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 6%; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 5%; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 18%; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 4%; vertical-align: bottom; text-align: right;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 8%; vertical-align: bottom; text-align: right;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: top;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 7%; vertical-align: bottom; text-align: right;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 7%; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Leman Development, Ltd. <sup>(1)</sup></b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">0.00%</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">N/A</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;1,500</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;1,500</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td nowrap style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; text-indent: -0.125in;"><b>One Realco Corporation <sup>(1)</sup></b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">3.00%</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">01/17</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Interest and principal due at maturity.</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;10,000</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;7,000</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Oulan-Chikh Family Trust</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">8.00%</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">03/21</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;174</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;174</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;"><b>Realty Advisors Management, Inc.</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">2.28%</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">12/16</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Interest only paid quarterly.</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;20,387</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;20,387</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) (68.5% of cash flow)</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">12.00%</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">12/32</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;15,965</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;2,189</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;2,000</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc.</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">12.00%</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">12/18</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;3,994</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;3,994</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc.</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">12.00%</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">12/18</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;6,407</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;6,407</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Unified Housing Foundation, Inc.</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">12.00%</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">06/20</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;5,760</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;5,760</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: top;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;"><b>Various related party notes</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">various</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">various</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">Excess cash flow</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;1,814</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;465</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: white;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in;"><b>Various non-related party notes</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">various</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">various</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;16,048</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid;">&nbsp;</td>
            <td nowrap style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;15,252</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;&#x2014;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.25pt double;">$</td>
            <td nowrap style="border-bottom: Black 2.25pt double; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp; 117,913</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: right;" colspan="5">&nbsp;Accrued interest</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td>&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;9,952</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: right;" colspan="5">&nbsp;Allowance for estimated losses</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid;">&nbsp;</td>
            <td nowrap style="border-bottom: Black 1pt solid; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;(15,770</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">)</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.25pt double;"><b>$</b></td>
            <td nowrap style="border-bottom: Black 2.25pt double; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;"><b>&nbsp; 112,095</b></td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt;">&nbsp;</td>
            <td nowrap style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin-bottom: 0; margin-top: 0;">
        <font style="font: 10pt Times New Roman, Times, Serif;">(1) Fully reserved</font>
    </p>
    <p style="margin: 0pt 0;">&nbsp;&nbsp;</p>
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        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->68
            <!-- Field: /Sequence -->
        </p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: right;"><b>SCHEDULE IV</b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <p style="margin-bottom: 0; margin-top: 0; text-align: center;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>AMERICAN REALTY INVESTORS, INC.<br> MORTGAGE LOANS <br> As of December 31,</b></font>
    </p>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <table style="width: 100%; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2">2017</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2">2016</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold;" colspan="2">2015</td>
            <td style="padding-bottom: 1pt; font-size: 10pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;" colspan="2">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt; font-weight: bold;">&nbsp;</td>
            <td style="font-size: 10pt; font-weight: bold;" colspan="6">(dollars in thousands)</td>
            <td style="font-size: 10pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;" colspan="2">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 10pt;" colspan="2">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: center; font-size: 10pt;" colspan="2">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.75pt; width: 61%; font-size: 10pt;">Balance at January 1,</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">$</td>
            <td style="width: 10%; text-align: right; font-size: 10pt;">143,601</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">$</td>
            <td style="width: 10%; text-align: right; font-size: 10pt;">137,280</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; font-size: 10pt;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">$</td>
            <td style="width: 10%; text-align: right; font-size: 10pt;">152,645</td>
            <td style="width: 1%; text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.75pt; font-size: 10pt;">Additions</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; font-size: 10pt;">New mortgage loans</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">15,741</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">11,703</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">18,055</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; font-size: 10pt;">Increase (decrease) of interest receivable on mortgage loans</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">581</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">13,835</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">11,130</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-left: 0.75pt; font-size: 10pt;">Deductions</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 0.125in; text-align: left; font-size: 10pt;">Amounts received</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">(32,058</td>
            <td style="text-align: left; font-size: 10pt;">)</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">(19,217</td>
            <td style="text-align: left; font-size: 10pt;">)</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">(16,486</td>
            <td style="text-align: left; font-size: 10pt;">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font-size: 10pt;">Non-cash reductions</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right; font-size: 10pt;">(28,064</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt; padding-left: 0.75pt; font-size: 10pt;">Balance at December 31,</td>
            <td style="padding-bottom: 2.5pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-size: 10pt;">127,865</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-size: 10pt;">143,601</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="padding-bottom: 2.5pt; font-size: 10pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-size: 10pt;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-size: 10pt;">137,280</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
    </table>
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    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 55.45pt;"><a name="arl10ka014"></a><b>ITEM&nbsp;9.</b></td>
            <td style="text-align: justify;"><b><i>CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE </i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">None.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 79.55pt;"><a name="arl10ka015"></a><b>ITEM&nbsp;9A.</b></td>
            <td style="text-align: justify;"><b><i>CONTROLS AND PROCEDURES</i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Evaluation of Disclosure Controls and Procedures </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under the supervision and with the participation of our management, including our Principal Executive Officer and Chief Financial Officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e)) of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), which are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by the SEC&#x2019;s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our Principal Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, our Principal Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Management&#x2019;s Report on Internal Control over Financial Reporting </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with generally accepted accounting principles. There are inherent limitations to the effectiveness of any system of internal control over financial reporting. These limitations include the possibility of human error, the circumvention of overriding of the system and reasonable resource constraints. Because of its inherent limitations, our internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with policies or procedures may deteriorate.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Management assessed the effectiveness of the Company&#x2019;s internal control over financial reporting as of December 31, 2017. In making this assessment, management used the criteria set forth in <i>Internal Control&#x2014;Integrated Framework</i> issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on management&#x2019;s assessments and those criteria, management has concluded that Company&#x2019;s internal control over financial reporting was effective as of December 31, 2017.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">This annual report does not include an attestation report of the Company&#x2019;s registered public accounting firm regarding internal control over financial report. Management&#x2019;s report was not subject to attestation by the Company&#x2019;s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management&#x2019;s report in this annual report.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Changes in Internal Control over Financial Reporting </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In preparation for management&#x2019;s report on internal control over financial reporting, we documented and tested the design and operating effectiveness of our internal control over financial reporting. There were no changes in our internal controls over financial reporting (as such term is defined in Exchange Act Rule 13a-15(f)) that occurred during the quarter ended December 31, 2017 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><a name="arl10ka016"></a><b>Item&nbsp;9B.<i>&nbsp;&nbsp;&nbsp;&nbsp;OTHER INFORMATION</i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Not applicable. </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <!-- Field: Page;  ; Options:  NewSection; Value:  70; Sequence:  69; -->
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            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>PART III</b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><a name="arl10ka017"></a>&nbsp;</p>
    <p style="margin: 0pt 0 0pt 55.1pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman,serif;"><a name="arl10ka018"></a><b>ITEM&nbsp;10.<i>&nbsp;&nbsp;&nbsp;&nbsp;DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE </i></b></p>
    <p style="margin: 0pt 0 0pt 55.1pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Directors </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The affairs of ARL are managed by a Board of Directors. The Directors are elected at the annual meeting of stockholders or are appointed by the incumbent Board and serve until the next annual meeting of stockholders or until a successor has been elected or appointed.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">It is the Board&#x2019;s objective that a
    majority of the Board consists of independent directors. For a Director to be considered independent, the Board must determine
    that the Director does not have any direct or indirect material relationship with ARL. The Board has established guidelines
    to assist it in determining director independence which conform to, or are more exacting than, the independence requirements
    in the New York Stock Exchange listing rules. The independence guidelines are set forth in ARL&#x2019;s &#x201C;Corporate
    Governance Guidelines&#x201D;. The text of this document has been posted on ARL&#x2019;s Internet website at (<FONT STYLE="color: Blue"><U>www.americanrealtyinvest.com</U></FONT>)&nbsp;and
    is available in print to any shareholder who requests it. In addition to applying these guidelines, the Board will consider
    all relevant facts and circumstances in making an independence determination.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL has adopted a code of conduct that applies
    to all Directors, officers and employees, including our principal executive officer, principal financial officer, and principal
    accounting officer. Stockholders may find our code of conduct on our website by going to our website address at (<FONT STYLE="color: Blue"><U>www.americanrealtyinvest.com</U></FONT>).
    We will post any amendments to the code of conduct, as well as any waivers that are required to be disclosed by the rules
    of the SEC or the New York Stock Exchange, on our website.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Our Board of Directors has adopted charters
    for our Audit, Compensation, and Governance and Nominating Committees of the Board of Directors. Stockholders may find these
    documents on our website by going to the website address at (<FONT STYLE="color: Blue"><U>www.americanrealtyinvest.com</U></FONT>).
    You may also obtain a printed copy of the materials referred to by contacting us at the following address:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">American Realty Investors, Inc.&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">Attn: Investor Relations&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">1603 LBJ Freeway, Suite 800&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">Dallas, Texas 75234&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">Telephone: 469-522-4200</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">All members of the Audit Committee and the Governance and Nominating Committee must be independent directors. Members of the Audit Committee must also satisfy additional independence requirements, which provide (i)&nbsp;that they may not accept, directly or indirectly, any consulting, advisory, or compensatory fee from ARL or any of its subsidiaries other than their Director&#x2019;s compensation (other than in their capacity as a member of the Audit Committee, the Board of Directors, or any other committee of the Board), and (ii)&nbsp;no member of the Audit Committee may be an &#x201C;affiliated person&#x201D; of ARL or any of its subsidiaries, as defined by the Securities and Exchange Commission.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The current Directors of ARL are listed below, together with their ages, terms of service, all positions and offices with ARL and its advisor Pillar, their principal occupations, business experience, and directorships with other companies during the last five years or more. The designation &#x201C;affiliated&#x201D;, when used below with respect to a Director, means that the Director is an officer, director, or employee of Pillar, an officer of the Company, or an officer or director of a related party of the Company. The designation &#x201C;independent,&#x201D; when used below with respect to a Director, means that the Director is neither an officer of the Company nor a director, officer, or employee of Pillar (but may be a director of the Company), although the Company may have certain business or professional relationships with such Director as discussed in Part III, Item&nbsp;13. &#x201C;Certain Relationships and Related Transactions and Director Independence&#x201D;.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>HENRY A. BUTLER, </b>age 67, Director, Affiliated, since February 2011 and Chairman of the Board since May 2011</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Mr. Butler has served as Vice President Land Sales for Pillar Income Asset Management, LLC since April 2011, and its predecessor, Prime Income Asset Management, LLC from July 2003 to April 2011. Mr. Butler has been a Director of the Company since February 2011 and Chairman of the Board since May 2011. He has also served as Chairman of the Board since May 2009 and as a Director since July 2003 of&nbsp;IOR and Chairman of the Board since May 2009 and a Director since December 2001 of TCI.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>ROBERT A. JAKUSZEWSKI, </b>age 55, Director, Independent, since March 2004.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Mr. Jakuszewski is currently has served as a Territory Manager for Artesa Labs since April 2015. He was a Medical Specialist from January 2014 to April 2015 for VAYA Pharma, Inc., Senior Medical Liaison from January 2013 to July 2013 for Vein Clinics of America, and the Vice President of Sales and Marketing from September 1998 to December 2012 for New Horizons Communications, Inc. Mr.&nbsp;Jakuszewski has been a Director of the Company since March 2004. He has also been a Director of&nbsp;IOR since November 2005 and a Director of TCI since November 2005.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>TED R. MUNSELLE, </b>age 62, Director, Independent, since May 2009</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Mr.&nbsp;Munselle has been Vice President and Chief Financial Officer of Landmark Nurseries, Inc. since October 1998. On February 17, 2012, he was appointed as a member of the Board of Directors for Spindletop Oil &#38; Gas Company and as Chairman of their Audit Committee. Spindletop&#x2019;s stock is traded on the Over-the-Counter (OTC) market. Mr.&nbsp;Munselle has been a Director of the Company since May 2009. He has also served as Director of IOR since February 2004 and Director of TCI since February 2004. Mr.&nbsp;Munselle is qualified as an Audit Committee financial expert within the meaning of SEC regulations and the Board of Directors of IOR has determined that he has accounting and related financial management expertise within the meaning of the listing standards of the NYSE American. Mr. Munselle is a Certified Public Accountant.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>RAYMOND D. ROBERTS, SR., </b>age 86, Director, Independent, since June 2016</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Mr. Roberts is currently retired. Mr. Roberts has served as Director of the Company since June 2, 2016. He has also served as Director of ARL and TCI since June 2, 2016. For more than five years prior to December 31, 2014, he was Director of Aviation of Steller Aviation, Inc., a privately held corporation engaged in the business of aircraft (Boeing 737) and logistical management.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Board Meetings and Committees </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Board of Directors held eight meetings during 2017. For such year, no incumbent Director attended fewer than 75% of the aggregate of (1)&nbsp;the total number of meetings held by the Board during the period for which he/she had been a Director and (2)&nbsp;the total number of meetings held by all committees of the Board on which he/she served during the periods that he/she served. Under ARL&#x2019;s Corporate Governance Guidelines, each Director is expected to dedicate sufficient time, energy and attention to ensure the diligent performance of his or her duties, including by attending meetings of the stockholders of the Company, the Board and Committees of which he is a member. The Board of Directors has standing Audit, Compensation, and Governance and Nominating Committees.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><i>Audit Committee.</i>&nbsp;&nbsp;&nbsp;&nbsp;The current Audit Committee was formed on February&nbsp;19, 2004, and its function is to review ARL&#x2019;s operating and accounting procedures. The charter of the Audit Committee has also been adopted by the Board. The charter of the Audit Committee was adopted on February&nbsp;19, 2004 and is available on the company&#x2019;s investor relations website (<u>www.americanrealtyinvest.com</u>). The Audit Committee is an &#x201C;audit committee&#x201D; for purposes of Section&nbsp;3(a) (58)&nbsp;of the Securities Exchange Act of 1934. The current members of the Audit Committee, all of whom are independent within the meaning of the SEC Regulations, the listing standards of the New York Stock Exchange, Inc., and ARL&#x2019;s Corporate Governance Guidelines, are Messrs. Jakuszewski, Munselle (Chairman) and Roberts. Mr.&nbsp;Ted&nbsp;R. Munselle, a member of the Committee, is qualified as an Audit Committee financial expert within the meaning of SEC Regulations, and the Board has determined that he has accounting and related financial management expertise within the meaning of the listing standards of the New&nbsp;York Stock Exchange, Inc. All of the members of the Audit Committee meet the experience requirements of the listing standards of the listing standards of the New York Stock Exchange. The Audit Committee met five times during 2017.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><i>Governance and Nominating Committee.</i>&nbsp;&nbsp;&nbsp;&nbsp;The Governance and Nominating Committee is responsible for developing and implementing policies and practices relating to corporate governance, including reviewing and monitoring implementation of ARL&#x2019;s Corporate Governance Guidelines. In addition, the Committee develops and reviews background information on candidates for the Board and makes recommendations to the Board regarding such candidates. The Committee also prepares and supervises the Board&#x2019;s annual review of director independence and the Board&#x2019;s performance self-evaluation. The Charter of the Governance and Nominating Committee was adopted on March&nbsp;22, 2004. The current members of the Committee are Messrs. Jakuszewski (Chairman), Roberts and Munselle. The Governance and Nominating Committee met two times during 2017.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><i>Compensation Committee.</i>&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee is responsible for overseeing the policies of the Company relating to compensation to be paid by the Company to the Company&#x2019;s principal executive officer and any other officers designated by the Board and make recommendations to the Board with respect to such policies, produce necessary reports and executive compensation for inclusion in the Company&#x2019;s Proxy Statement in accordance with applicable rules and regulations and to monitor the development and implementation of succession plans for the principal executive officers and other key executives and make recommendations to the Board with respect to such plans. The charter of the Compensation Committee was adopted on March&nbsp;22, 2004, and is available on the Company&#x2019;s Investor Relations website (<u>www.americanrealtyinvest.com</u>). The current members of the Compensation Committee are Messrs. Roberts (Chairman), Jakuszewski and Munselle. All of the members of the Compensation Committee are independent within the meaning of the listing standards of the NYSE American and the Company&#x2019;s Corporate Governance Guidelines. The Compensation Committee is to be comprised of at least two directors who are independent of Management and the Company. The Compensation Committee met two times during 2017.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The members of the Board of Directors on the date of this Report and the Committees of the Board on which they serve are identified below:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-left: 5%; width: 95%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse;" border="0" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="width: 38%; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 18%; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Audit Committee</font>
            </td>
            <td style="width: 1%; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 18%; text-align: center; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Governance and Nominating Committee</font>
            </td>
            <td style="width: 1%; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; width: 18%; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Compensation Committee</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Robert A. Jakuszewski</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">X</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Chair</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">X</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Ted R. Munselle</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Chair</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">X</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">X</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Raymond D. Roberts Sr.</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">X</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">X</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Chair</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td colspan="3">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Henry A. Butler</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;"><b>Presiding Director</b></p>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In March 2004, the Board created a new position of presiding director, whose primary responsibility is to preside over periodic executive sessions of the Board in which Management directors and other members of Management do not participate. The presiding director also advises the Chairman of the Board and, as appropriate, Committee Chairs with respect to agendas and information needs relating to Board and Committee meetings, provides advice with respect to the selection of Committee Chairs and performs other duties that the Board may from time to time delegate to assist the Board in fulfillment of its responsibilities.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The day following the annual meeting of stockholders held December 13, 2017 representing all stockholders of record dated November 2, 2017, the full Board met and re-appointed Ted R. Munselle as Presiding Director, to serve in such position until the Company&#x2019;s next annual meeting of stockholders to be held subsequently in 2018.&nbsp;&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Determination of Director&#x2019;s Independence </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In February 2004, the Board adopted its Corporate Governance Guidelines. The Guidelines adopted by the Board meet or exceed the new listing standards adopted during that year by the New York Stock Exchange. The full text of the Guidelines can be found on the Company&#x2019;s Investor Relations website (<u>www.americanrealtyinvest.com</u>).</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Pursuant to the Guidelines, the Board undertook its annual review of director independence in March 8, 2016, and during this review, the Board considered transactions and relationships between each director or any member of his or her immediate family and ARL and its subsidiaries and related parties, including those reported under Certain Relationships and Related Transactions below. The Board also examined transactions and relationships between directors or their related parties and members of ARL&#x2019;s senior management or their related parties. As provided in the Guidelines, the purpose of such review was to determine whether such relationships or transactions were inconsistent with the determination that the director is independent.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">As a result of this review, the Board affirmatively determined of the then directors, Messrs. Munselle, Jakuszewski and Roberts are each independent of the Company and its Management under the standards set forth in the Corporate Governance Guidelines.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Executive Officers </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Executive officers of the Company are listed below, all except one of whom are employed by Pillar. Mr. Bertcher is employed by New Concept Energy, Inc (&#x201C;NCE&#x201D;). None of the executive officers receive any direct remuneration from the Company nor do any hold any options granted by the Company. Their positions with the Company are not subject to a vote of stockholders. In addition to the following executive officers, the Company has several vice presidents and assistant secretaries who are not listed herein. The ages, terms of service and all positions and offices with the Company, Pillar, other related entities, other principal occupations, business experience and directorships with other publicly held companies during the last five years or more are set forth below. No family relationships exist among any of the executive officers or directors of the Company.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>DANIEL J. MOOS, 67 </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Mr. Moos has served as President since April 2007 and Chief Executive Officer since March 2010 of IOR, ARL and TCI. Mr. Moos has also served as Prime&#x2019;s President since April 2007, Secretary since June 2011 and Treasurer since October 2013. He has also served as a Director since December 2016, President since December 2010, Chief Executive Officer since March 2011 and Treasurer since October 2013 of Pillar.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>GENE S. BERTCHER, 69 </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Mr. Bertcher has served as Executive Vice President since February 2008, Chief Financial Officer since May 2008 and Treasurer since October 2013 of IOR, ARL and TCI. Mr.&nbsp;Bertcher has also served in the following capacities for NCE, a Nevada corporation which has its common stock listed on the NYSE American: Director since June 1999, Chairman of the Board since December 2006, Chief Executive Officer since December 2006, President since November 2004, Chief Financial Officer since November 1989, Treasurer since November 1989 and Secretary since October 2012. Mr.&nbsp;Bertcher has been employed by NCE since November 1989. He is a Certified Public Accountant.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>LOUIS J. CORNA, 70 </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Mr. Corna has served as Executive Vice President, General Counsel/Tax Counsel and Secretary since February 2004 of IOR, ARL and TCI. He has also been Executive Vice President-Tax since April 2011 and Secretary since December 2010 of Pillar. Mr.&nbsp;Corna was also a Director and Vice President from June&nbsp;2004 to December 2010 and Secretary from January 2005 to December 2010 of First Equity Properties, Inc., a Nevada corporation with securities registered under Section&nbsp;12(g) of the Exchange Act.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Code of Ethics </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL has adopted a code of ethics entitled
    &#x201C;Code of Business Conduct and Ethics&#x201D; that applies to all directors, officers, and employees (including those
    of the contractual Advisor to ARL). In addition, ARL has adopted a code of ethics entitled &#x201C;Code of Ethics for Senior
    Financial Officers&#x201D; that applies to the principal executive officer, president, principal financial officer, chief
    financial officer, principal accounting officer, and controller. The text of these documents has been posted on ARL&#x2019;s
    internet website at (<FONT STYLE="color: Blue"><U>www.americanrealtyinvest.com</U></FONT>)&nbsp;and are available in print
    to any stockholder who requests them.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Compliance with Section&nbsp;16(a) of the Securities Exchange Act of 1934 </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under the securities laws of the United States, ARL&#x2019;s Directors, executive officers, and any persons holding more than 10% of ARL&#x2019;s shares of common stock are required to report their ownership and any changes in that ownership to the Securities and Exchange Commission (the &#x201C;Commission&#x201D;). Specific due dates for these reports have been established and ARL is required to report any failure to file by these dates. All of these filing requirements were satisfied by ARL&#x2019;s directors and executive officers and 10% holders during the fiscal year ended December&nbsp;31, 2014. In making these statements, ARL has relied on the written representations of its incumbent Directors and executive officers and its 10% holders and copies of the reports that they have filed with the Commission.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>The Advisor </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Pillar has been ARL&#x2019;s Advisor and Cash Manager since April 30, 2011.&nbsp; Although the Board of Directors is directly responsible for managing the affairs of ARL, and for setting the policies which guide it, the day-to-day operations of ARL are performed by Pillar, as the contractual advisor, under the supervision of the Board.&nbsp; Pillar&#x2019;s duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities and arranging debt and equity financing for the Company with third party lenders and investors.&nbsp; Additionally, Pillar serves as a consultant to the Board with regard to their decisions in connection with ARL&#x2019;s business plan and investment policy.&nbsp; Pillar also serves as an Advisor and Cash Manager to TCI and IOR.&nbsp; As the contractual advisor, Pillar is compensated by ARL under an Advisory Agreement that is more fully described in Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; The Advisor&#x201D;.&nbsp; ARL has no employees and as such, employees of Pillar render services to ARL in accordance with the terms of the Advisory Agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Pillar is a Nevada corporation, the sole shareholder of which is Realty Advisors, LLC, a Nevada limited liability company, the sole member of which is RAI, a Nevada corporation, the sole shareholder of which is MRHI, a Nevada corporation, the sole shareholder of which is a trust known as the May Trust. &nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The May Trust is a Trust, the beneficiaries of which are the children of Gene E. Phillips. Mr. Phillips is not an officer, manager or Director of Pillar, Realty Advisors, LLC, RAI, MRHI or ARL, nor is he a Trustee of the May Trust.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under the Advisory Agreement, Pillar is required to annually formulate and submit, for Board approval, a budget and business plan containing a twelve-month forecast of operations and cash flow, a general plan for asset sales and purchases, lending, foreclosure and borrowing activity, and other investments. Pillar is required to report quarterly to the Board on ARL&#x2019;s performance against the business plan. In addition, all transactions require prior Board approval, unless they are explicitly provided for in the approved business plan or are made pursuant to authority expressly delegated to Pillar by the Board.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Advisory Agreement also requires prior Board approval for the retention of all consultants and third party professionals, other than legal counsel. The Advisory Agreement provides that Pillar shall be deemed to be in a fiduciary relationship to the ARL stockholders; contains a broad standard governing Pillar&#x2019;s liability for losses incurred by ARL; and contains guidelines for Pillar&#x2019;s allocation of investment opportunities as among itself, ARL and other entities it advises. Pillar is a company of which Messrs. Moos, Bertcher and Corna serve as executive officers.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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            &nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Advisory Agreement with Pillar provides for Pillar to be responsible for the day-to-day operations of ARL and for Pillar to receive, as compensation for basic management and advisory services, a gross asset fee of 0.0625%&nbsp;per month (0.75% per annum) of the average of the gross asset value (total assets less allowance for amortization, depreciation or depletion and valuation reserves).</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman,serif;">In addition to base compensation, Pillar receives the following forms of additional compensation:</p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 18pt;">(1)</td>
            <td style="text-align: justify;">an annual net income fee equal to 7.5% of ARL&#x2019;s net income as an incentive for successful investment and management of the Company&#x2019;s assets;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 18pt;">(2)</td>
            <td style="text-align: justify;">an annual incentive sales fee to encourage periodic sales of appreciated real property at optimum value equal to 10.0% of the amount, if any, by which the aggregate sales consideration for all real estate sold by ARL during such fiscal year exceeds the sum of:</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 71.75pt;"></td>
            <td style="width: 18pt;">(a)</td>
            <td style="text-align: justify;">the cost of each such property as originally recorded in ARL&#x2019;s books for tax purposes (without deduction for depreciation, amortization or reserve for losses);</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 71.75pt;"></td>
            <td style="width: 18pt;">(b)</td>
            <td style="text-align: justify;">capital improvements made to such assets during the period owned; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 71.75pt;"></td>
            <td style="width: 18pt;">(c)</td>
            <td style="text-align: justify;">all closing costs (including real estate commissions) incurred in the sale of such real estate; provided however, no incentive fee shall be paid unless (a)&nbsp;such real estate sold in such fiscal year, in the aggregate, has produced an 8.0% simple annual return on the net investment including capital improvements, calculated over the holding period before depreciation and inclusive of operating income and sales consideration, and (b)&nbsp;the aggregate net operating income from all real estate owned for each of the prior and current fiscal years shall be at least 5.0% higher in the current fiscal year than in the prior fiscal year;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 18pt;">(3)</td>
            <td style="text-align: justify;">an acquisition commission, from an unaffiliated party of any existing mortgage or loan, for supervising the acquisition, purchase or long-term lease of real estate equal to the lesser of:</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 71.75pt;"></td>
            <td style="width: 18pt;">(a)</td>
            <td style="text-align: justify;">up to 1.0% of the cost of acquisition, inclusive of commissions, if any, paid to non-affiliated brokers; or</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 71.75pt;"></td>
            <td style="width: 18pt;">(b)</td>
            <td style="text-align: justify;">the compensation customarily charged in arm&#x2019;s-length transactions by others rendering similar property acquisition services as an ongoing public activity in the same geographical location and for comparable property, provided that the aggregate purchase price of each property (including acquisition fees and real estate brokerage commissions) may not exceed such property&#x2019;s appraised value at acquisition;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 18pt;">(4)</td>
            <td style="text-align: justify;">a construction fee equal to 6.0% of the so-called &#x201C;hard costs&#x201D; only of any costs of construction on a completed basis, based upon amounts set forth as approved on any architect&#x2019;s certificate issued in connection with such construction, which fee is payable at such time as the applicable architect certifies other costs for payment to third parties. The phrase &#x201C;hard costs&#x201D; means all actual costs of construction paid to contractors, subcontractors and third parties for materials or labor performed as part of the construction but does not include items generally regarded as &#x201C;soft costs,&#x201D; which are consulting fees, attorneys&#x2019; fees, architectural fees, permit fees and fees of other professionals; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 18pt;">(5)</td>
            <td style="text-align: justify;">reimbursement of certain expenses incurred by the advisor in the performance of advisory services.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Advisory Agreement also provides that Pillar receive the following forms of compensation:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0.5in;"></td>
            <td style="width: 0.25in;">(1)</td>
            <td style="text-align: justify;">a mortgage or loan acquisition fee with respect to the acquisition or purchase from an unaffiliated party of any existing mortgage loan by ARL equal to the lesser of:</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 1in;"></td>
            <td style="width: 0.25in;">(a)</td>
            <td style="text-align: justify;">1.0% of the amount of the mortgage or loan purchased; or</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 1in;"></td>
            <td style="width: 0.25in;">(b)</td>
            <td style="text-align: justify;">a brokerage or commitment fee which is reasonable and fair under the circumstances. Such fee will not be paid in connection with the origination or funding of any mortgage loan by ARL; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0.5in;"></td>
            <td style="width: 0.25in;">(2)</td>
            <td style="text-align: justify;">a mortgage brokerage and equity refinancing fee for obtaining loans or refinancing on properties equal to the lesser of:</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 1in;"></td>
            <td style="width: 0.25in; text-align: left;">(a)</td>
            <td style="text-align: justify;">1.0% of the amount of the loan or the amount refinanced; or</td>
        </tr>
    </table>
    <p style="margin: 0pt 0 0pt 0.75in; text-align: justify; text-indent: 0.5in; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 71.75pt;"></td>
            <td style="width: 18pt;">(b)</td>
            <td style="text-align: justify;">a brokerage or refinancing fee which is reasonable and fair under the circumstances; provided, however, that no such fee shall be paid on loans from Pillar without the approval of ARL&#x2019;s Board of Directors. No fee shall be paid on loan extensions.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under the ARL Advisory Agreement, all or a portion of the annual advisory fee must be refunded by the Advisor if the operating expenses of ARL (as defined in the Advisory Agreement) exceed certain limits specified in the Advisory Agreement based on the book value, net asset value, and net income of ARL during the fiscal year.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The ARL Advisory Agreement requires Pillar to pay to ARL one-half of any compensation received from third parties with respect to the origination, placement or brokerage of any loan made by ARL; provided, however, that the compensation retained by Pillar shall not exceed the lesser of (1) 2.0% of the amount of the loan commitment or (2) a loan brokerage and commitment fee which is reasonable and fair under the circumstances.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The ARL Advisory Agreement further provides that Pillar shall bear the cost of certain expenses of its employees, excluding fees paid to ARL&#x2019;s Directors; rent and other office expenses of both Pillar and ARL (unless ARL maintains office space separate from that of Pillar); costs not directly identifiable to ARL&#x2019;s assets, liabilities, operations, business or financial affairs; and miscellaneous administrative expenses relating to the performance by Pillar of its duties under the Advisory Agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">If and to the extent that ARL shall request Pillar, or any director, officer, partner, or employee of Pillar, to render services for ARL other than those required to be rendered by the Advisory Agreement, Pillar separately would be compensated for such additional services on terms to be agreed upon between such party and ARL from time to time. As discussed below, under &#x201C;Property Management and Real Estate Brokerage,&#x201D; effective January 1, 2011, Regis Realty Prime, LLC, dba Regis Property Management, LLC (&#x201C;Regis&#x201D;), the sole member of which is Realty Advisors, LLC, manages our commercial properties and provides brokerage services under similar terms as the previous agreements with Triad and Regis Realty I.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL entered into a Cash Management Agreement with Pillar on April 30, 2011, to further define the administration of the Company&#x2019;s day-to-day investment operations, relationship contacts, flow of funds and deposit and borrowing of funds. Under the Cash Management Agreement, all funds of the Company are delivered to Pillar which has a deposit liability to the Company and is responsible for payment of all payables and investment of all excess funds which earn interest at the Wall Street Journal prime rate plus 1.0%&nbsp;per annum, as set quarterly on the first day of each calendar quarter. Borrowings for the benefit of the Company bear the same interest rate. The term of the Cash Management Agreement is coterminous with the Advisory Agreement, and is automatically renewed each year unless terminated with the Advisory Agreement. ARL&#x2019;s management believes that the terms of the Advisory Agreement are at least as fair as could be obtained from unaffiliated third parties.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Situations may develop in which the interests of ARL are in conflict with those of one or more directors or officers in their individual capacities, or of Pillar, or of their respective related parties. In addition to services performed for ARL, as described above, Pillar actively provides similar services as agent for, and advisor to, other real estate enterprises, including persons and entities involved in real estate development and financing, including TCI and IOR. The Advisory Agreement provides that Pillar may also serve as advisor to other entities.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">As Advisor, Pillar is a fiduciary of ARL&#x2019;s public investors. In determining to which entity a particular investment opportunity will be allocated, Pillar will consider the respective investment objectives of each entity and the appropriateness of a particular investment in light of each such entity&#x2019;s existing mortgage note and real estate portfolios and business plan. To the extent any particular investment opportunity is appropriate to more than one such entity, such investment opportunity will be allocated to the entity that has had funds available for investment for the longest period of time, or, if appropriate, the investment may be shared among various entities. See Part III, Item&nbsp;13 &#x201C;Certain Relationships and Related Transactions, and Director Independence.&#x201D;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The terms of TCI&#x2019;s Advisory and Cash Management Agreements with Pillar are substantially the same as those of ARL&#x2019;s Advisory and Cash Management Agreements.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Pillar may assign the Advisory Agreement only with the prior consent of ARL.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The principal executive officers and directors of Pillar are set forth below:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table align="CENTER" style="width: 85%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse;" border="0" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 0.5pt solid; width: 17%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;&nbsp;Name</font>
            </td>
            <td style="width: 3%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 0.5pt solid; width: 65%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Directors/Officer(s)</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Daniel J. Moos</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">President, Chief Executive Officer, Treasurer, Director</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gene S. Bertcher</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Executive Vice President, Chief Accounting Officer&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Louis J. Corna</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Executive Vice President, Secretary, Tax Counsel, General Legal Counsel</font>
            </td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Sans-Serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Property Management </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Regis Realty Prime, LLC, dba Regis Property Management, LLC (&#x201C;Regis&#x201D;), the sole member of which is Realty Advisors, LLC, manages our commercial properties for a fee of 3.0% or less of the monthly gross rents collected on the commercial properties it manages, and leasing commissions of 6.0% or less in accordance with the terms of its property-level management agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL engages third-party companies to lease and manage our apartment properties for a fee of 6.0% or less of the monthly gross rents collected on the residential properties under their management.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Real Estate Brokerage </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Regis provides real estate brokerage services to ARL and receives brokerage commissions of 3% or less of transaction amounts.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Regis also provides real estate brokerage services to TCI under terms which differ from ARL. TCI&#x2019;s brokerage agreement is computed on a sliding scale as listed below:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 22.5pt;"></td>
            <td style="width: 18pt;">(1)</td>
            <td style="text-align: justify;">maximum fee of 4.5% on the first $2.0 million of any purchase or sale transaction of which no more than 3.5% is to be paid to Regis;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 22.5pt;"></td>
            <td style="width: 18pt;">(2)</td>
            <td style="text-align: justify;">maximum fee of 3.5% on transaction amounts between $2.0 million-$5.0 million of which no more than 3.0% is to be paid to Regis;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 22.5pt;"></td>
            <td style="width: 18pt;">(3)</td>
            <td style="text-align: justify;">maximum fee of 2.5% on transaction amounts between $5.0 million-$10.0 million of which no more than 2.0% is to be paid to Regis; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 22.5pt;"></td>
            <td style="width: 18pt;">(4)</td>
            <td style="text-align: justify;">a maximum fee of 2.0% on transaction amounts in excess of $10.0 million of which no more than 1.5% is to be paid to Regis.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 55.45pt; text-align: justify; text-indent: -55.45pt; font: 10pt Times New Roman,serif;"><a name="arl10ka019"></a><b>ITEM&nbsp;11.<i>&nbsp;&nbsp;&nbsp;&nbsp;EXECUTIVE COMPENSATION </i></b></p>
    <p style="margin: 0pt 0 0pt 55.45pt; text-align: justify; text-indent: -55.45pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL has no employees, payroll, or benefit plans, and pays no compensation to its executive officers. The Directors and executive officers of ARL, who are also officers or employees of Pillar, ARL&#x2019;s advisor, are compensated by Pillar. Such affiliated Directors and executive officers perform a variety of services for Pillar and the amount of their compensation is determined solely by Pillar. Pillar does not allocate the cash compensation of its officers among the various entities for which it serves as advisor. See Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance&#x201D; for a more detailed discussion of compensation payable to Pillar by ARL.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The only remuneration paid by ARL is to those directors who are not officers or employees of Pillar or its related companies. The Independent Directors (1)&nbsp;review the business plan of ARL to determine that it is in the best interest of ARL&#x2019;s stockholders, (2)&nbsp;review the advisory contract, (3)&nbsp;supervise the performance of the advisor and review the reasonableness of the compensation paid to the advisor in terms of the nature and quality of services performed, (4)&nbsp;review the reasonableness of the total fees and expenses of ARL and (5)&nbsp;select, when necessary, a qualified independent real estate appraiser to appraise properties acquired</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Effective February 2011 each non-affiliated Director is entitled to receive an annual retainer of $20,000, with the Chairman of the Audit Committee to receive a one-time annual fee of $500. Directors who are also employees of the Company or its advisor receive no additional compensation for service as a Director.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">During 2017, $60,500 was paid to non-employee Directors in total Directors&#x2019; fees. The fees paid to the directors are as follows: Robert A. Jakuszewski $20,000; Ted R. Munselle $20,500; and Raymond D. Roberts, Sr. $20,000.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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            &nbsp;</p>
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    </div>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 52.2pt; text-align: justify; text-indent: -52.2pt; font: 10pt Times New Roman,serif;"><a name="arl10ka020"></a><b>ITEM&nbsp;12.<i>&nbsp;&nbsp;&nbsp;&nbsp;SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</i></b></p>
    <p style="margin: 0pt 0 0pt 52.2pt; text-align: justify; text-indent: -52.2pt; font: 10pt Times New Roman,serif;"><b>Securities Authorized for Issuance Under Equity Compensation Plans </b></p>
    <p style="margin: 0pt 0 0pt 52.2pt; text-align: justify; text-indent: -52.2pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following table provides information as of December 31, 2017 regarding compensation plans under which equity securities of ARL are authorized for issuance.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Security Ownership of Certain Beneficial Owners</b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following table sets forth the ownership of ARL&#x2019;s common stock both beneficially and of record, both individually and in the aggregate, for those persons or entities known by ARL to be the owner of more than 5.0% of the shares of ARL&#x2019;s common stock as of the close of business on March 30, 2018.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 95%; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; text-align: justify; font: bold 10pt Times New Roman,serif;">Name and Address of Beneficial Owner</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font: bold 10pt Times New Roman,serif;" colspan="2">Amount and Nature of&nbsp;Beneficial&nbsp;Ownership*</td>
            <td nowrap style="padding-bottom: 1pt; font: bold 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font: bold 10pt Times New Roman,serif;" colspan="2">Approximate
                <br> Percent of Class
                <br> **</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;" colspan="2">&nbsp;</td>
            <td nowrap style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;" colspan="2">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 63%; text-align: left; font: 10pt Times New Roman,serif;">Prime Stock Holdings, Inc.</td>
            <td style="width: 1%; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="width: 11%; text-align: right; font: 10pt Times New Roman,serif;">1,459,828</td>
            <td nowrap style="width: 4%; text-align: left; font: 10pt Times New Roman,serif;"><sup>(1)</sup></td>
            <td style="width: 1%; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="width: 12%; text-align: right; font: 10pt Times New Roman,serif;">9.41</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman,serif;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">1603 LBJ Freeway, Suite 800</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">Dallas, Texas 75234</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">Realty Advisors, Inc.</td>
            <td style="font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font: 10pt Times New Roman,serif;">13,292,037</td>
            <td nowrap style="text-align: left; font: 10pt Times New Roman,serif;"><sup>(1)(2)(3)</sup></td>
            <td style="font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font: 10pt Times New Roman,serif;">85.68</td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">1603 LBJ Freeway, Suite 800</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">Dallas, Texas 75234</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">Realty Advisors LLC</td>
            <td style="font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font: 10pt Times New Roman,serif;">9,303,066</td>
            <td nowrap style="text-align: left; font: 10pt Times New Roman,serif;"><sup>(1)(2)</sup></td>
            <td style="font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: right; font: 10pt Times New Roman,serif;">59.96</td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;">%</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">1603 LBJ Freeway, Suite 800</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">Dallas, Texas 75234</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td nowrap style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: right; font-size: 10pt;">&nbsp;</td>
            <td style="text-align: left; font-size: 10pt;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left; font: 10pt Times New Roman,serif;">&nbsp;</td>
            <td style="font: 10pt Times New Roman,serif;"></td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;"></td>
            <td style="text-align: right; font: 10pt Times New Roman,serif;"></td>
            <td nowrap style="text-align: left; font: 10pt Times New Roman,serif;"></td>
            <td style="font: 10pt Times New Roman,serif;"></td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;"></td>
            <td style="text-align: right; font: 10pt Times New Roman,serif;"></td>
            <td style="text-align: left; font: 10pt Times New Roman,serif;"></td>
        </tr>
    </table>
    <div align="LEFT" style="margin-bottom: 3pt; margin-top: 3pt;">
        <div style="border-top: Black 1pt solid; width: 20%; font-size: 1pt;">&nbsp;</div>
    </div>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;">*</td>
            <td style="text-align: justify;">&#x201C;Beneficial Ownership&#x201D; means the sole or shared power to vote, or to direct the voting of, a security or investment power with respect to a security, or any combination thereof.</td>
        </tr>
    </table>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">**</td>
            <td style="text-align: justify;">Percentages are based upon 15,514,360 shares outstanding as of March 30, 2018.</td>
        </tr>
    </table>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">(1)</td>
            <td style="text-align: justify;">Includes 1,459,828 shares owned by RA Stock Holdings, Inc. (&#x201C;RASH&#x201D;), formerly One Realco Stock Holdings, a wholly-owned subsidiary of Realty Advisors, LLC(&#x201C;RALLC&#x201D;), over which each of the directors of RASH, Mickey Ned Phillips, may be deemed to be the beneficial owners by virtue of their positions as directors of RASH. The directors of RASH disclaim beneficial ownership of such.</td>
        </tr>
    </table>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;">(2)</td>
            <td style="text-align: justify;">Includes 7,843,238 shares owned directly by RALLC (&#x201C;RALLC&#x201D;), over which each of the managers, Gene S. Bertcher and Daniel J. Moos, may be deemed to be beneficial owners by virtue of their positions as managers of RALLC. The managers of RALLC disclaim beneficial ownership of such shares.</td>
        </tr>
    </table>
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    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">(3)</td>
            <td style="text-align: justify;">Includes 3,988,971 shares owned directly by Realty Advisors, Inc. &#x201C;RAI&#x201D; over which each of the directors and officers of RAI may be deemed beneficial owners, all of which disclaim beneficial ownership.</td>
        </tr>
    </table>
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    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><i>Security Ownership of Management.</i>&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the ownership of shares of ARL&#x2019;s common stock, both beneficially and of record, both individually in the aggregate, for the Directors and executive officers of ARL, as of the close of business on March 30, 2018.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 95%; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Amount and</font>
            </td>
            <td nowrap style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>&nbsp;</sup></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Nature</font>
            </td>
            <td nowrap style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>&nbsp;</sup></font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Approximate</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">of Beneficial</font>
            </td>
            <td nowrap style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>&nbsp;</sup></font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Percent of</font>
            </td>
            <td style="font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Name of Beneficial Owner</font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Ownership*</font>
            </td>
            <td nowrap style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>&nbsp;</sup></font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Class <sup>**</sup></b></font>
            </td>
            <td style="padding-bottom: 1pt; font-weight: bold;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 63%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Gene S. Bertcher</font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 11%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,521,251</font>
            </td>
            <td nowrap style="width: 4%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(1)(2)(3)(4)</sup></font>
            </td>
            <td style="width: 1%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 12%; text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">87.15</font>
            </td>
            <td style="width: 1%; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Henry A. Butler</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">229,214</font>
            </td>
            <td nowrap style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(3)</sup></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1.48</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Louis J. Corna</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,521,251</font>
            </td>
            <td nowrap style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(1)(2)(3)(4)</sup></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">87.15</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Robert A. Jakuszewski</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">229,214</font>
            </td>
            <td nowrap style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(3)</sup></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1.48</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Daniel J. Moos</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,526,251</font>
            </td>
            <td nowrap style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(1)(2)(3)(4)(5)</sup></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">87.19</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Ted R. Munselle</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">229,214</font>
            </td>
            <td nowrap style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(3)</sup></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1.48</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Raymond D. Roberts, Sr.</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">229,214</font>
            </td>
            <td nowrap style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(3)</sup></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">1.48</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">All Directors and Executive Officers as a group (7 persons)</font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">13,526,251</font>
            </td>
            <td nowrap style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><sup>(1)(2)(3)(4)(5)</sup></font>
            </td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="text-align: right;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">87.19</font>
            </td>
            <td style="text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">%</font>
            </td>
        </tr>
    </table>
    <p style="margin-bottom: 0; margin-top: 0;">&nbsp;</p>
    <div align="LEFT" style="margin-bottom: 3pt; margin-top: 3pt;">
        <div style="border-top: Black 1pt solid; width: 20%; font-size: 1pt;">&nbsp;</div>
    </div>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;">*</td>
            <td style="text-align: justify;">&#x201C;Beneficial Ownership&#x201D; means the sole or shared power to vote, or to direct the voting of, a security or investment power with respect to a security, or any combination thereof.</td>
        </tr>
    </table>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">**</td>
            <td style="text-align: justify;">Percentages are based upon 15,514,360 shares outstanding as of March 30, 2018.</td>
        </tr>
    </table>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">(1)</td>
            <td style="text-align: justify;">Includes 7,843,238 shares owned direct by RALLC, over which the managers and executive offices of RALLC may be deemed to be the beneficial owners by virtue of their positions as managers and executive officers of RALLC; the managers and executive officers of RALLC disclaim beneficial ownership of such shares. Also includes 3,988,971 shares owned direct by RAI, over which the executive officers of RAI may be deemed to be the beneficial owners by virtue of their positions; the executive officers of RAI disclaim beneficial ownership of such shares.</td>
        </tr>
    </table>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">(2)</td>
            <td style="text-align: justify;">Includes 1,459,828 shares owned by (RASH), over which the executive officers of RASH may be deemed the beneficial owners by virtue of their positions as executive officers of RASH; the executive officers of RASH disclaim beneficial ownership of such shares.</td>
        </tr>
    </table>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">(3)</td>
            <td style="text-align: justify;">Includes 229,214 shares owned by Transcontinental Realty Investors, Inc. &#x201C;TCI&#x201D;, over which the directors and executive officers of TCI may be deemed to be the beneficial owners by virtue of their positions as directors and executive officers of TCI; the directors and executive officers of TCI disclaim beneficial ownership of such shares.</td>
        </tr>
    </table>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">(4)</td>
            <td style="text-align: justify;">Includes 3,988,971 shares owned by RAI, over which the executive officers of RAI may be deemed to be the beneficial owners by virtue of their positions as executive of RAI; the executive officers of RAI disclaim beneficial ownership of such shares.</td>
        </tr>
    </table>
    <table width="100%" style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellspacing="0" cellpadding="0">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 18.35pt;">(5)</td>
            <td style="text-align: justify;">Daniel J. Moos owns directly 5,000 shares.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>ITEM&nbsp;13.</b><a name="arl10ka021"></a><b><i>&nbsp;&nbsp;&nbsp;&nbsp;CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE </i></b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Policies with Respect to Certain Activities </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Article 11 of ARL&#x2019;s Articles of Incorporation provides that ARL shall not, directly or indirectly, contract or engage in any transaction with (1)&nbsp;any director, officer or employee of ARL, (2)&nbsp;any director, officer or employee of the advisor, (3)&nbsp;the advisor, or (4)&nbsp;any affiliate or associate (as such terms are defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) of any of the aforementioned persons, unless (a)&nbsp;the material facts as to the relationship among or financial interest of the relevant individuals or persons and as to the contract or transaction are disclosed to or are known by ARL&#x2019;s Board of Directors or the appropriate committee thereof and (b)&nbsp;ARL&#x2019;s Board of Directors or committee thereof determines that such contract or transaction is fair to ARL and simultaneously authorizes or ratifies such contract or transaction by the affirmative vote of a majority of independent directors of ARL entitled to vote thereon.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Article 11 defines an &#x201C;Independent Director&#x201D; (for purposes of that Article) as one who is neither an officer or employee of ARL, nor a director, officer or employee of ARL&#x2019;s advisor. This definition predates ARL&#x2019;s director independence guidelines adopted in February 2004.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL&#x2019;s policy is to have such contracts or transactions approved or ratified by a majority of the disinterested Directors with full knowledge of the character of such transactions, as being fair and reasonable to the stockholders at the time of such approval or ratification under the circumstances then prevailing. Such Directors also consider the fairness of such transactions to ARL. Management believes that, to date, such transactions have represented the best investments available at the time and they were at least as advantageous to ARL as other investments that could have been obtained.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;ARL may enter into future transactions with entities, the officers, directors, or stockholders of which are also officers, directors, or stockholders of ARL, if such transactions would be beneficial to the operations of ARL and consistent with ARL&#x2019;s then-current investment objectives and policies, subject to approval by a majority of disinterested Directors as discussed above.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL does not prohibit its officers, directors, stockholders, or related parties from engaging in business activities of the types conducted by ARL.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Certain Business Relationships </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Pillar has been ARL&#x2019;s Advisor and Cash Manager since April 30, 2011.&nbsp; Although the Board of Directors is directly responsible for managing the affairs of ARL, and for setting the policies which guide it, the day-to-day operations of ARL are performed by Pillar, as the contractual advisor, under the supervision of the Board.&nbsp; Pillar&#x2019;s duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities and arranging debt and equity financing for the Company with third party lenders and investors.&nbsp; Additionally, Pillar serves as a consultant to the Board with regard to their decisions in connection with ARL&#x2019;s business plan and investment policy.&nbsp; Pillar also serves as an Advisor and Cash Manager to TCI and IOR.&nbsp; As the contractual advisor, Pillar is compensated by ARL under an Advisory Agreement that is more fully described in Part III, Item&nbsp;10. &#x201C;Directors, Executive Officers and Corporate Governance &#x2013; The Advisor&#x201D;.&nbsp; ARL has no employees and as such, employees of Pillar render services to ARL in accordance with the terms of the Advisory Agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Pillar is a Nevada corporation, the sole shareholder of which is Realty Advisors, LLC, a Nevada limited liability company, the sole member of which is RAI, a Nevada corporation, the sole shareholder of which is MRHI, a Nevada corporation, the sole shareholder of which is a trust known as the May Trust. &nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">All of ARL&#x2019;s directors also serve as Directors of TCI and IOR. The executive officers of ARL also serve as executive officers of TCI and IOR. As such, they owe fiduciary duties to that entity as well as to Pillar under applicable law. TCI has the same relationship with Pillar, as does ARL. Mr.&nbsp;Bertcher is an officer, director and employee of NCE and as such also owes fiduciary duties to NCE as well as ARL, TCI and IOR under applicable law.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Regis Realty Prime, LLC, dba Regis Property Management, LLC (&#x201C;Regis&#x201D;), the sole member of which is Realty Advisors, LLC, manages our commercial properties for a fee of 3.0% or less of the monthly gross rents collected on the commercial properties it manages, and leasing commissions of 6.0% or less in accordance with the terms of its property-level management agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">ARL engages third-party companies to lease and manage our apartment properties for a fee of 6.0% or less of the monthly gross rents collected on the residential properties under their management.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">At December 31, 2017, ARL owned approximately 77.68% of TCI&#x2019;s outstanding common stock and through its interest in TCI approximately 81.25% of IOR&#x2019;s outstanding common stock.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company is part of a tax sharing and compensating agreement with respect to federal income taxes between ARL, TCI and IOR and their subsidiaries. The expense (benefit) in each year was calculated based on the amount of losses absorbed by taxable income multiplied by the maximum statutory tax rate of 35%.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company&#x2019;s subsidiary, TCI, has a development agreement with Unified Housing Foundation, Inc. &#x201C;UHF&#x201D; a non-profit corporation that provides management services for the development of residential apartment projects in the future. The Company has also invested in surplus cash notes receivables from UHF and has sold several residential apartment properties to UHF in prior years. Due to this ongoing relationship and the significant investment in the performance of the collateral secured under the notes receivable, UHF has been determined to be a related party.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">TCI is the primary guarantor, on a $39.1
    million mezzanine loan between UHF and a lender. In addition, ARL, and an officer of the Company are limited recourse
    guarantors of the loan. As of December 31, 2017 UHF was in compliance with the covenants to the loan agreement.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Related Party Transactions </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company has historically engaged in and may continue to engage in certain business transactions with related parties, including but not limited to asset acquisition and dispositions. Transactions involving related parties cannot be presumed to be carried out on an arm&#x2019;s length basis due to the absence of free market forces that naturally exist in business dealings between two or more unrelated entities. Related party transactions may not always be favorable to our business and may include terms, conditions and agreements that are not necessarily beneficial to or in the best interest of our company.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">In 2017, the Company paid advisory fees of $10.9 million, net income fees of $0.3 million, mortgage brokerage and equity refinancing fees of $0.8 million, cost reimbursements of $3.8 million and received interest of $1.1 million from Pillar.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company paid property management fees, construction management fees and leasing commissions of $0.9 million to Regis in 2017.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">As of December 31, 2017, the Company had notes and interest receivables, net of allowances, of $102.9 million and $7.8 million, respectively, due from UHF, a related party. See Part 2, Item 8. Note 3. &#x201C;Notes and Interest Receivable&#x201D;. During the current period, the Company recognized interest income of $12.4 million, originated $4.7 million, received principal payments of $4.9 million and received interest payments of $10.8 million from these related party notes receivables.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">As of December 31, 2017, subsidiaries hold approximately 91 acres of land, at various locations that were sold to related parties in multiple transactions. These transactions are treated as &#x201C;subject to sales contract&#x201D; on the Consolidated Balance Sheets. Due to the related party nature of the transactions TCI has deferred the recording of the sales in accordance with ASC 360-20.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Operating Relationships </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Company received rental revenue of $0.7 million in each of the three years ended December 31, 2017 from Pillar and its related parties for properties owned by the Company.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Advances and Loans </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">From time to time, ARL and its related parties have made advances to each other, which generally have not had specific repayment terms, did not bear interest, are unsecured, and have been reflected in ARL&#x2019;s financial statements as other assets or other liabilities. ARL and the advisor charge interest on the outstanding balance of funds advanced to or from ARL. The interest rate, set at the beginning of each quarter, is the prime rate plus 1% on the average daily cash balances advanced. At December 31, 2017, Pillar owes ARL $38.3 million.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 55.1pt;"><b>ITEM&nbsp;14.</b><a name="arl10ka022"></a></td>
            <td style="text-align: justify;"><b><i>PRINCIPAL ACCOUNTING</i></b> <b><i>FEES AND SERVICES </i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following table sets forth the aggregate fees for professional services rendered to ARL for the years 2017 and 2016 by ARL&#x2019;s principal accounting firms, Farmer, Fuqua and Huff, L.P., BDO Seidman, LLP and Swalm&nbsp;&#38; Associates, PC:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 95%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">2017</td>
            <td style="padding-bottom: 1pt; font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="6">2016</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td>&nbsp;</td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">Farmer, Fuqua</td>
            <td style="font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">Swalm &#38;</td>
            <td style="font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">Farmer, Fuqua</td>
            <td style="font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="font-weight: bold;">&nbsp;</td>
            <td style="text-align: center; font-weight: bold;" colspan="2">Swalm &#38;</td>
            <td style="font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="font-weight: bold;"><u>Type of Fee</u></td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">&#38; Huff</td>
            <td style="padding-bottom: 1pt; font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Associates</td>
            <td style="padding-bottom: 1pt; font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">&#38; Huff</td>
            <td style="padding-bottom: 1pt; font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: center; font-weight: bold;" colspan="2">Associates</td>
            <td style="padding-bottom: 1pt; font-weight: bold;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="width: 25%; text-align: left;">Audit Fees</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 12%; text-align: right;">881,183</td>
            <td style="width: 1%; text-align: left;"><sup>(1)</sup></td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 12%; text-align: right;">72,136</td>
            <td style="width: 1%; text-align: left;"><sup>(3)</sup></td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 12%; text-align: right;">881,576</td>
            <td style="width: 1%; text-align: left;"><sup>(4)</sup></td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="width: 1%; text-align: left;">$</td>
            <td style="width: 12%; text-align: right;">60,551</td>
            <td style="width: 1%; text-align: left;"><sup>(3)</sup></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-bottom: 1pt; text-align: left;">Tax Fees</td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">39,760</td>
            <td style="text-align: left;"><sup>(2)</sup></td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="text-align: left;"><sup>&nbsp;</sup></td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">44,483</td>
            <td style="text-align: left;"><sup>(5)</sup></td>
            <td style="padding-bottom: 1pt;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: left;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; text-align: right;">&#x2014;</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-bottom: 2.5pt;">Total</td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">920,943</td>
            <td style="text-align: left; font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="padding-bottom: 2.5pt; font-weight: bold;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left; font-weight: bold;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right; font-weight: bold;">72,136</td>
            <td style="text-align: left; font-weight: bold;"><sup>&nbsp;</sup></td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">926,059</td>
            <td style="text-align: left;"></td>
            <td style="padding-bottom: 2.5pt;">&nbsp;</td>
            <td style="border-bottom: Black 2.5pt double; text-align: left;">$</td>
            <td style="border-bottom: Black 2.5pt double; text-align: right;">60,551</td>
            <td style="text-align: left;">&nbsp;</td>
        </tr>
    </table>
    <p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Sans-Serif;">&nbsp;</p>
    <div align="LEFT" style="margin-bottom: 3pt; margin-top: 3pt;">
        <div style="border-top: Black 1pt solid; width: 20%; font-size: 1pt;">&nbsp;</div>
    </div>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(1)</font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Includes $597,447 TCI</font>
            </td>
        </tr>
    </table>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;">&nbsp;</td>
            <td style="width: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(2)</font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Includes $39,760 TCI</font>
            </td>
        </tr>
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;">&nbsp;</td>
            <td style="width: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(3)</font>
            </td>
            <td style="text-align: justify;">
                <font>All IOT</font>
            </td>
        </tr>
    </table>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Arial, Helvetica, Sans-Serif;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(4)</font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Includes $575,563 TCI</font>
            </td>
        </tr>
    </table>
    <table style="margin-bottom: 0pt; margin-top: 0; width: 100%; font-size: 10pt;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: top; text-align: justify;">
            <td style="width: 0in;"></td>
            <td style="width: 0.25in; text-align: left;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">(5)</font>
            </td>
            <td style="text-align: justify;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Includes $36,725 TCI</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The audit fees for 2017 and 2016 were for professional services rendered for the audits and reviews of the consolidated financial statements of ARL and its subsidiaries. Tax fees for 2017 and 2016 were for services related to federal and state tax compliance and advice.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">All services rendered by the principal auditors are permissible under applicable laws and regulations and were pre-approved by either the Board of Directors or the Audit Committee, as required by law. The fees paid to the principal auditors for the services described in the above table fall under the categories listed below:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><i>Audit Fees.</i>&nbsp;&nbsp;&nbsp;&nbsp;These are fees for professional services performed by the principal auditor for the audit of the Company&#x2019;s annual financial statements and review of financial statements included in the Company&#x2019;s 10-Q filings and services that are normally provided in connection with statutory and regulatory filing or engagements.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><i>Audit-Related Fees.</i>&nbsp;&nbsp;&nbsp;&nbsp;These are fees for assurance and related services performed by the principal auditor that are reasonably related to the performance of the audit or review of the Company&#x2019;s financial statements. These services include attestations by the principal auditor that are not required by statute or regulation and consulting on financial accounting/reporting standards. As of December 31, 2017 the company incurred $0.3 million of audit related fees in connection to assurance and related services of a subsidiary.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><i>Tax Fees.</i>&nbsp;&nbsp;&nbsp;&nbsp;These are fees for professional services performed by the principal auditor with respect to tax compliance, tax planning, tax consultation, returns preparation, and review of returns. The review of tax returns includes the Company and its consolidated subsidiaries.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><em>All other Fees.&nbsp; &nbsp;&nbsp;</em> These are fees for other permissible work performed by the principal auditor that do not meet the above category descriptions</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">These services are actively monitored (as to both spending level and work content) by the Audit Committee to maintain the appropriate objectivity and independence in the principal auditor&#x2019;s core work, which is the audit of the Company&#x2019;s consolidated financial statements.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The Audit Committee has established policies and procedures for the approval and pre-approval of audit services and permitted non-audit services. The Audit Committee has the responsibility to engage and terminate ARL&#x2019;s independent auditors, to pre-approve their performance of audit services and permitted non-audit services, to approve all audit and non-audit fees, and to set guidelines for permitted non-audit services and fees. All the fees for 2017 and 2016 were pre-approved by the Audit Committee or were within the pre-approved guidelines for permitted non-audit services and fees established by the Audit Committee, and there were no instances of waiver of approved requirements or guidelines during the same periods.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Under the Sarbanes-Oxley Act of 2002 (the &#x201C;SOX Act&#x201D;) and the rules of the Securities and Exchange Commission (the &#x201C;SEC&#x201D;), the Audit Committee of the Board of Directors is responsible for the appointment, compensation, and oversight of the work of the independent auditor. The purpose of the provisions of the SOX Act and the SEC rules for the Audit Committee role in retaining the independent auditor is two-fold. First, the authority and responsibility for the appointment, compensation, and oversight of the auditors should be with directors who are independent of management. Second, any non-audit work performed by the auditors should be reviewed and approved by these same independent directors to ensure that any non-audit services performed by the auditor do not impair the independence of the independent auditor. To implement the provisions of the SOX Act, the SEC issued rules specifying the types of services that an independent may not provide to its audit client, and governing the Audit Committee&#x2019;s administration of the engagement of the independent auditor. As part of this responsibility, the Audit Committee is required to pre-approve the audit and non-audit services performed by the independent auditor in order to assure that they do not impair the auditor&#x2019;s independence. Accordingly, the Audit Committee has adopted a pre-approval policy of audit and non-audit services (the &#x201C;Policy&#x201D;), which sets forth the procedures and conditions pursuant to which services to be performed by the independent auditor are to be pre-approved. Consistent with the SEC rules establishing two different approaches to pre-approving non-prohibited services, the Policy of the Audit Committee covers pre-approval of audit services, audit-related services, international administration tax services, non-U.S. income tax compliance services, pension and benefit plan consulting and compliance services, and U.S. tax compliance and planning. At the beginning of each fiscal year, the Audit Committee will evaluate other known potential engagements of the independent auditor, including the scope of work proposed to be performed and the proposed fees, and approve or reject each service, taking into account whether services are permissible under applicable law and the possible impact of each non-audit service on the independent auditor&#x2019;s independence from management. Typically, in addition to the generally pre-approved services, other services would include due diligence for an acquisition that may or may not have been known at the beginning of the year. The Audit Committee has also delegated to any member of the Audit Committee designated by the Board or the financial expert member of the Audit Committee responsibilities to pre-approve services to be performed by the independent auditor not exceeding $25,000 in value or cost per engagement of audit and non-audit services, and such authority may only be exercised when the Audit Committee is not in session.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><a name="arl10ka023"></a><b>PART IV </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 55.05pt;"><a name="arl10ka024"></a><b>ITEM&nbsp;15.</b></td>
            <td style="text-align: justify;"><b><i>EXHIBITS, FINANCIAL</i> <i>STATEMENT SCHEDULES </i></b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(a)</td>
            <td style="text-align: justify;">The following documents are filed as part of this Report:</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 79.5pt;"></td>
            <td style="width: 24.5pt;"><b>1.</b></td>
            <td style="text-align: justify;"><b>Consolidated Financial Statements</b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Report of Independent Certified Public Accountants</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Consolidated Balance Sheets&#x2014;December 31, 2017 and 2016</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Consolidated Statements of Operations&#x2014;Years Ended December 31, 2017, 2016 and 2015</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Consolidated Statements of Shareholders&#x2019; Equity&#x2014;Years Ended December 31, 2017, 2016 and 2015</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Consolidated Statements of Cash Flows&#x2014;Years Ended December 31, 2017, 2016 and 2015</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Consolidated Statements of Comprehensive Income (Loss) &#x2013; Years Ended December 31, 2017, 2016 and 2015</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Notes to Consolidated Financial Statements</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 79.5pt;"></td>
            <td style="width: 24.5pt;"><b>2.</b></td>
            <td style="text-align: justify;"><b>Financial Statement Schedules</b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Schedule III&#x2014;Real Estate and Accumulated Depreciation</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Schedule IV&#x2014;Mortgage Loan Receivables on Real Estate</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">All other schedules are omitted because they are not applicable or because the required information is shown in the financial statements or the notes thereto.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 79.5pt;"></td>
            <td style="width: 24.5pt;"><b>3.</b></td>
            <td style="text-align: justify;"><b>Incorporated Financial Statements</b></td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Consolidated Financial Statements of Income Opportunity Realty Investors, Inc. (Incorporated by reference to Item&nbsp;8. of Income Opportunity Realty Investors, Inc.&#x2019;s Annual Report on Form 10-K for the year ended December 31, 2017).</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">Consolidated Financial Statements of Transcontinental Realty Investors, Inc. (Incorporated by reference to Item&nbsp;8. of Transcontinental Realty Investors, Inc.&#x2019;s Annual Report on Form 10-K for the year ended December 31, 2017).</p>
    <p style="margin: 0pt 0 0pt 171.35pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 79.2pt;"></td>
            <td style="width: 24.5pt;">(b)</td>
            <td style="text-align: justify;">Exhibits.</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following documents are filed as Exhibits to this Report:</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
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            <td style="width: 8%; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="padding-left: 0.125in; width: 91%; text-align: center; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; text-align: center;" nowrap>
                <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman,serif;"><b>Exhibit</b>
                    <br> <b>Number</b>&nbsp;</p>
            </td>
            <td>&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.125in; text-indent: -0.125in;">
                <p style="margin: 0pt 0 0; text-align: center; text-indent: 0; font: 10pt Times New Roman,serif;"><b>Description</b></p>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">3.1</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Restated of Articles of Incorporation of American Realty Investors, Inc., dated August&nbsp;3, 2000 (incorporated by reference to Exhibit 3.0 to the Registrant&#x2019;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30, 2000).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>3.2</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Correction of Restated Articles of Incorporation of American Realty Investors, Inc., dated August&nbsp;29, 2000 (incorporate by reference to Exhibit 3.1 to the Registrant&#x2019;s Quarterly Report on Form&nbsp;10-Q for the quarter ended September&nbsp;30, 2000).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">3.3</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Articles of Amendment to the Restated Articles of Incorporation of American Realty Investors, Inc. decreasing the number of authorized shares of and eliminating Series B Cumulative Convertible Preferred Stock dated August&nbsp;26, 2003 (incorporated by reference to Exhibit 3.3 to the Registrant&#x2019;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30, 2003).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">3.4</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Articles of Amendment to the Restated Articles of Incorporation of American Realty Investors, Inc. decreasing the number of authorized shares of and eliminating Series I Cumulative Preferred Stock dated October&nbsp;1, 2003 (incorporated by reference to Exhibit 3.4 to the Registrant&#x2019;s Quarterly Report on Form&nbsp;10-Q for the quarter ended September&nbsp;30, 2003). </font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
    </table>
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            &nbsp;</p>
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        <p style="margin: 0pt">&nbsp;</p>
    </div>
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    <p style="margin: 0;">&nbsp;</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; width: 8%; text-align: center;" nowrap>
                <p style="margin-bottom: 0pt; margin-top: 0pt; text-align: center; font: 10pt Times New Roman,serif;"><b>Exhibit</b>
                    <br> <b>Number</b>&nbsp;</p>
            </td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; padding-left: 0.125in; width: 91%; text-indent: -0.125in;">
                <p style="margin: 0pt 0 0; text-align: center; text-indent: 0; font: 10pt Times New Roman,serif;"><b>Description</b></p>
            </td>
        </tr>
    </table>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr>
            <td style="padding-right: 12pt; width: 8%; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">3.5</font>
            </td>
            <td style="width: 1%;">&nbsp;</td>
            <td style="padding-left: 0.125in; width: 91%; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">By-laws of American Realty Investors, Inc. (incorporated by reference to Exhibit 3.2 to the Registrant&#x2019;s Registration Statement on Form S-4, filed on December&nbsp;30, 1999).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">4.1</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Designations, Preferences and Relative Participating or Optional or Other Special Rights, and Qualifications, Limitations or Restrictions Thereof of Series F Redeemable Preferred Stock of American Realty Investors, Inc., dated June&nbsp;11, 2001 (incorporated by reference to Exhibit 4.1 to the Registrant&#x2019;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2001).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">4.2</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Withdrawal of Preferred Stock, Decreasing the Number of Authorized Shares of and Eliminating Series F Redeemable Preferred Stock, dated June&nbsp;18, 2002 (incorporated by reference to Exhibit 3.0 to the Registrant&#x2019;s Quarterly Report on Form 10-Q for the quarter ended June&nbsp;30, 2002).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">4.3</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Designation, Preferences and Rights of the Series I Cumulative Preferred Stock of American Realty Investors, Inc., dated February&nbsp;3, 2003 (incorporated by reference to Exhibit 4.3 to the Registrant&#x2019;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2002).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">4.4</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Designation for Nevada Profit Corporations designating the Series J 8% Cumulative Convertible Preferred Stock as filed with the Secretary of State of Nevada on March&nbsp;16, 2006 (incorporated by reference to Registrant current report on Form 8-K for event of March&nbsp;16, 2006).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">10.1</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Advisory Agreement between American Realty Investors, Inc. and Pillar Income Asset Management, LLC, dated April 30, 2011 (incorporated by reference to Exhibit 10.1 to the Registrant&#x2019;s Current Report on Form 8-K, dated April 30, 2011).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">10.2</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Second Amendment to Modification of Stipulation of Settlement dated October&nbsp;17, 2001 (incorporated by reference to Exhibit 10.1 to the Registrant&#x2019;s Registration Statement on Form S-4, dated February&nbsp;24, 2002).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">14.0</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Code of Ethics for Senior Financial Officers (incorporated by reference to Exhibit 14.0 to the Registrant&#x2019;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2004).</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">21.1 *</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Subsidiaries of the Registrant.</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">31.1 *</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Rule 13a-14(a) Certification by Principal Executive Officer.</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">31.2 *</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Rule 13a-14(a) Certification by Principal Financial Officer.</font>
            </td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; text-align: right; font-family: Times New Roman,serif;">&nbsp;</td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-right: 12pt; vertical-align: top; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">32.1 *</font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 0.125in; vertical-align: bottom; text-align: justify; text-indent: -0.125in; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <div align="LEFT" style="margin-bottom: 3pt; margin-top: 3pt;">
        <div style="border-top: Black 1pt solid; width: 20%; font-size: 1pt;">&nbsp;</div>
    </div>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 0pt; font: 10pt Times New Roman,serif;">* Filed herewith.</p>
    <p style="margin: 0pt 0 0pt 12.2pt; text-align: justify; text-indent: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <!-- Field: Page;  ; Value:  70; Sequence:  84; -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid">
        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->85
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            &nbsp;</p>
    </div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt">
        <p style="margin: 0pt">&nbsp;</p>
    </div>
    <!-- Field: /Page -->
    <p style="margin: 0pt 0 0pt 12.2pt; text-align: justify; text-indent: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><a name="arl10ka025"></a><b>SIGNATURES </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;"><b>Pursuant to the requirements of Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </b></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Dated: March 30, 2018</p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="2">&nbsp;</td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;" colspan="3">
                <font style="font-size: 10pt; font-variant: small-caps;">American Realty Investors, Inc.</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="2">&nbsp;</td>
        </tr>
        <tr>
            <td style="padding-bottom: 1pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">By:</font>
            </td>
            <td style="border-bottom: Black 1pt solid; vertical-align: bottom;" colspan="2">
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">/s/&nbsp;<FONT STYLE="font-variant: small-caps">Gene
S. Bertcher</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;" colspan="2">&nbsp;</td>
            <td style="vertical-align: bottom;">
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>Executive Vice President and</b></p>
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>Chief Financial Officer</b></p>
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;<b>(Principal Financial and Accounting Officer)</b>&nbsp;</p>
            </td>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="width: 60%;">&nbsp;</td>
            <td style="width: 3%;">&nbsp;</td>
            <td style="width: 36%;">&nbsp;</td>
            <td style="width: 1%;">&nbsp;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman,serif;"><b>Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated. </b></p>
    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: top;">
            <td style="border-bottom: Black 1pt solid; width: 35%; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Signature</b></font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 39%; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Title</b></font>
            </td>
            <td style="padding-bottom: 1pt; width: 1%;">&nbsp;</td>
            <td style="border-bottom: Black 1pt solid; width: 24%; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Date</b></font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="border-bottom: Black 1pt solid; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">/s/
                    <font style="font-variant: small-caps;">Henry A. Butler</font>
                </font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Chairman of the Board and Director</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">March 30, 2018</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Henry A. Butler</b></font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="border-bottom: Black 1pt solid; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">/s/
                    <font style="font-variant: small-caps;">Robert A. Jakuszewski</font>
                </font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Director</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">March 30, 2018</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Robert A. Jakuszewski</b></font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="border-bottom: Black 1pt solid; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">/s/
                    <font style="font-variant: small-caps;">Raymond D. Roberts, Sr.</font>
                </font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Director</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">March 30, 2018</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Raymond D. Roberts, Sr.</b></font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="border-bottom: Black 1pt solid; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">/s/
                    <font style="font-variant: small-caps;">Ted R. Munselle</font>
                </font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Director</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">March 30, 2018</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Ted R. Munselle</b></font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="border-bottom: Black 1pt solid; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">/s/
                    <font style="font-variant: small-caps;">Daniel J. Moos</font>
                </font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-indent: -9pt;" rowspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">President and Chief Executive Officer
                    <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">
                        <br> (Principal Executive Officer)</font>
                </font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">March 30, 2018</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Daniel J. Moos</b></font>
            </td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td>
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="border-bottom: Black 1pt solid; text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">/s/
                    <font style="font-variant: small-caps;">Gene S. Bertcher</font>
                </font>
            </td>
            <td>&nbsp;</td>
            <td style="padding-left: 9pt; text-indent: -9pt;" rowspan="2">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Executive Vice President and Chief Financial Officer
                    <br> (Principal Financial and Accounting Officer)</font>
            </td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">March 30, 2018</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Gene S. Bertcher</b></font>
            </td>
            <td>&nbsp;</td>
            <td>&nbsp;</td>
            <td style="text-align: center;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
    </table>
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            &nbsp;</p>
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        <p style="margin: 0pt">&nbsp;</p>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>ANNUAL REPORT ON FORM 10-K </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>EXHIBIT INDEX </b>&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>For the Year Ended December 31, 2017</b></p>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 7%; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="width: 93%; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/000093066100002955/0000930661-00-002955-0002.txt">3.1</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Restatement of Articles of Incorporation of American Realty Investors, Inc., dated August&nbsp;3, 2000 (incorporated by reference to Exhibit 3.0 to the Registrant&#x2019;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30, 2000).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/000093066100002955/0000930661-00-002955-0003.txt">3.2</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Correction of Restated Articles of Incorporation of American Realty Investors, Inc., dated August&nbsp;29, 2000 (incorporate by reference to Exhibit 3.1 to the Registrant&#x2019;s Quarterly Report on Form&nbsp;10-Q for the quarter ended September&nbsp;30, 2000).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/000119312503081992/dex33.htm">3.3</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Articles of Amendment to the Restated Articles of Incorporation of American Realty Investors, Inc. decreasing the number of authorized shares of and eliminating Series B Cumulative Convertible Preferred Stock dated August&nbsp;26, 2003 (incorporated by reference to Exhibit 3.3 to the Registrant&#x2019;s Quarterly Report on Form 10-Q for the quarter ended September&nbsp;30, 2003).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/000119312503081992/dex34.htm">3.4</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Articles of Amendment to the Restated Articles of Incorporation of American Realty Investors, Inc. decreasing the number of authorized shares of and eliminating Series I Cumulative Preferred Stock dated October&nbsp;1, 2003 (incorporated by reference to Exhibit 3.4 to the Registrant&#x2019;s Quarterly Report on Form&nbsp;10-Q for the quarter ended September&nbsp;30, 2003). </font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/0000930661-99-002922-index.html">3.5</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">By-laws of American Realty Investors, Inc. (incorporated by reference to Exhibit 3.2 to the Registrant&#x2019;s Registration Statement on Form S-4, filed on December&nbsp;30, 1999).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/000093066102001003/dex41.txt">4.1</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Designations, Preferences and Relative Participating or Optional or Other Special Rights, and Qualifications, Limitations or Restrictions Thereof of Series F Redeemable Preferred Stock of American Realty Investors, Inc., dated June&nbsp;11, 2001 (incorporated by reference to Exhibit 4.1 to the Registrant&#x2019;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2001).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/000093066102002953/dex30.txt">4.2</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Withdrawal of Preferred Stock, Decreasing the Number of Authorized Shares of and Eliminating Series F Redeemable Preferred Stock, dated June&nbsp;18, 2002 (incorporated by reference to Exhibit 3.0 to the Registrant&#x2019;s Quarterly Report on Form 10-Q for the quarter ended June&nbsp;30, 2002).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/000093066103001721/dex43.txt">4.3</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Designation, Preferences and Rights of the Series I Cumulative Preferred Stock of American Realty Investors, Inc., dated February&nbsp;3, 2003 (incorporated by reference to Exhibit 4.3 to the Registrant&#x2019;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2002).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> &nbsp;&nbsp;<a href="http://www.sec.gov/Archives/edgar/data/1102238/000095013406005878/d34423exv4w4.htm">4.4</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certificate of Designation for Nevada Profit Corporations designating the Series J 8% Cumulative Convertible Preferred Stock as filed with the Secretary of State of Nevada on March&nbsp;16, 2006 (incorporated by reference to Registrant current report on Form 8-K for event of March&nbsp;16, 2006).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> <a href="http://www.sec.gov/Archives/edgar/data/1102238/000095012311042716/d81819exv10w1.htm">10.1</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Advisory Agreement between American Realty Investors, Inc. and Pillar Income Asset Management, LLC, dated April 30, 2011 (incorporated by reference to Exhibit 10.0 to the Registrant&#x2019;s Current Report on Form 8-K, dated April 30, 2011).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> 10.2 </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Second Amendment to Modification of Stipulation of Settlement dated October&nbsp;17, 2001 (incorporated by reference to Exhibit 10.1 to the Registrant&#x2019;s Registration Statement on Form S-4, dated February&nbsp;24, 2002).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> <a href="http://www.sec.gov/Archives/edgar/data/1102238/000119312505067232/dex140.htm">14.0</a> </font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Code of Ethics for Senior Financial Officers (incorporated by reference to Exhibit 14.0 to the Registrant&#x2019;s Annual Report on Form 10-K for the year ended December&nbsp;31, 2004).</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> <a href="ex21-1.htm">21.1 *</a></font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Subsidiaries of the Registrant.</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> <a href="ex31-1.htm">31.1 *</a></font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Rule 13a-14(a) Certification by Principal Executive Officer.</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> <a href="ex31-2.htm">31.2 *</a></font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Rule 13a-14(a) Certification by Principal Financial Officer.</font>
            </td>
        </tr>
        <tr>
            <td style="text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"> <a href="ex32-1.htm">32.1 *</a></font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.</font>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="width: 7%; line-height: 107%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">101.INS</font>
            </td>
            <td style="padding-left: 18.95pt; width: 93%; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">XBRL Instance Document</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">&nbsp;</td>
            <td style="line-height: 107%;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">101.SCH</font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">XBRL Taxonomy Extension Schema Document</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">&nbsp;</td>
            <td style="line-height: 107%;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">101.CAL</font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">XBRL Taxonomy Extension Calculation Linkbase Document</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">&nbsp;</td>
            <td style="line-height: 107%;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">101.DEF</font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">XBRL Taxonomy Extension Definition Linkbase Document</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">&nbsp;</td>
            <td style="line-height: 107%;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">101.LAB</font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">XBRL Taxonomy Extension Label Linkbase Document</font>
            </td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">&nbsp;</td>
            <td style="line-height: 107%;">&nbsp;</td>
        </tr>
        <tr style="vertical-align: top;">
            <td style="line-height: 107%;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">101.PRE</font>
            </td>
            <td style="padding-left: 18.95pt; vertical-align: bottom; text-align: justify; text-indent: -12pt; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">XBRL Taxonomy Extension Presentation Linkbase Document</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0 0pt 12.2pt; text-align: justify; text-indent: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
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        <div style="border-top: Black 1pt solid; width: 20%; font-size: 1pt;">&nbsp;</div>
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    <p style="margin: 0pt 0; text-align: justify; text-indent: 0pt; font: 10pt Times New Roman,serif;">* Filed herewith.</p>
    <p style="margin: 0pt 0 0pt 12.2pt; text-align: justify; text-indent: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
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            <!-- Field: Sequence; ;      ;     ;    ;   ;  ; Type:  Arabic; Name:  PageNo; -->87
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            &nbsp;</p>
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<DOCUMENT>
<TYPE>EX-21.1
<SEQUENCE>2
<FILENAME>ex21-1.htm
<DESCRIPTION>SUBSIDIARIES OF THE REGISTRANT
<TEXT>
<HTML>

<HEAD>
    <TITLE>ex21-1.htm</TITLE>
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        <div style="border-bottom: Black 1pt solid; border-top: Black 2pt solid; width: 100%; font-size: 1pt;">&nbsp;</div>
    </div>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;"><a href="arl-10k_123117.htm">American Realty Investors, Inc. 10-K</a></p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;"><b>EXHIBIT 21.1</b></p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>AMERICAN REALTY INVESTORS, INC.</b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>SUBSIDIARIES OF THE REGISTRANT</b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">The following is a list of all subsidiaries of and partnership interests of American Realty Investors, Inc., the percentage of ownership and the state or other jurisdiction of organization or incorporation as of December 31, 2017. Partnership and limited liability company ownership includes ownership held through one or more subsidiaries.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="width: 74%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr style="vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;"><b>Corporations</b></font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Name of Entity</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Ownership</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Jurisdiction</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom;">
            <td style="padding-right: 5.4pt; width: 2%;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 2%;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 1%;" nowrap>&nbsp;</td>
            <td style="padding-right: 5.4pt; width: 45%;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12%;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12%;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">ART Edina, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">EQK Holdings, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="3" nowrap>
                <font style="font-size: 10pt;">ART Elm Fork Ranch, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="3" nowrap>
                <font style="font-size: 10pt;">ART Florentina, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="3" nowrap>
                <font style="font-size: 10pt;">ART GNB, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="3" nowrap>
                <font style="font-size: 10pt;">ART Lake Chateau, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="3" nowrap>
                <font style="font-size: 10pt;">EQK Port Olpenitz, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="2" nowrap>
                <font style="font-size: 10pt;">Halona Partners AG</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Switzerland</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Euro Immo Invest GmbH</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Germany</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="2" nowrap>
                <font style="font-size: 10pt;">Port Olpenitz GMBH</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">90.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Germany</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="3" nowrap>
                <font style="font-size: 10pt;">EQK Portage, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Transcontinental Realty Acquisition Corporation (note 1)</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="3" nowrap>
                <font style="font-size: 10pt;">Transcontinental Realty Investors, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">15.9%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Transcontinental Realty Investors, Inc.</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">65.0%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="6" nowrap>
                <font style="font-size: 10pt;"><b>LLC interests (including direct and indirect ownership through subsidiaries)</b></font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Name of Entity</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Ownership</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Jurisdiction</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">ATI Mineral Holdings, LLC</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">35.76%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="text-align: justify; font-family: Times New Roman,serif;" colspan="3" nowrap>
                <font style="font-size: 10pt;">Trinity East Energy, LLC</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">8.76%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Texas</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">EQK Holdings, LLC</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.00%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">EQK Texas Plaza Land, LLC</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.00%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Gruppa Florentina, LLC</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">20.00%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">California</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Valwood Acres, LLC</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.00%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Nevada</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="6" nowrap>
                <font style="font-size: 10pt;"><b>Partnership interests (including direct and indirect ownership through subsidiaries)</b></font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Name of Entity</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Ownership</font>
            </td>
            <td style="border-bottom: Black 1pt solid; padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Jurisdiction</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt;" nowrap>&nbsp;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Cross County National Associates, LP</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.00%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Illinois</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Edina Park Plaza Associates Limited Partnership</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.00%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Texas</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Elm Fork Ranch Partners, LTD</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.00%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Texas</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom;">
            <td style="padding-right: 5.4pt; text-align: justify; font-family: Times New Roman,serif;" colspan="4" nowrap>
                <font style="font-size: 10pt;">Garden Whispering Pines, LP</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: right; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">100.00%</font>
            </td>
            <td style="padding-left: 5.4pt; padding-right: 5.4pt; text-align: center; font-family: Times New Roman,serif;" nowrap>
                <font style="font-size: 10pt;">Delaware</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Note 1: Transcontinental Realty Investors, Inc., a Nevada corporation &#x201C;TCI&#x201D;, is also a subsidiary of the Registrant through the ownership of approximately 77.68% of the outstanding common stock of TCI by the Registrant and Transcontinental Realty Acquisition Corporation. A list of all subsidiaries and partnership interests of TCI is filed as an exhibit to TCI&#x2019;s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 (the &#x201C;TCI Form 10-K&#x201D;) which was filed with the Commission on March 30, 2018 which exhibit is incorporated by reference herein.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">Note 2: Income Opportunity Realty Investors,
    Inc., a Nevada corporation &#x201C;IOR&#x201D;, is also an indirect subsidiary of the Registrant through the ownership of
    approximately 81.25% of the outstanding common stock of IOR by Transcontinental Realty Investors, Inc. (see note 1). A list
    of all subsidiaries and partnership interests of IOR is filed as an exhibit to IOR&#x2019;s annual Report on Form 10-K for
    the fiscal year ended December 31, 2017 which was filed with the Commission on March 30, 2018, which exhibit is incorporated by
    reference herein.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
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    </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>3
<FILENAME>ex31-1.htm
<DESCRIPTION>CERTIFICATION BY PRINCIPAL EXECUTIVE OFFICER
<TEXT>
<HTML>

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    <TITLE>ex31-1.htm</TITLE>
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<BODY style="font: 10pt Times New Roman, Times, Serif">
    <!-- Edge Version : 1.2 -->
    <div align="LEFT" style="margin-bottom: 0; margin-top: 0;">
        <div style="border-bottom: Black 1pt solid; border-top: Black 2pt solid; width: 100%; font-size: 1pt;">&nbsp;</div>
    </div>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;"><a href="arl-10k_123117.htm">American Realty Investors, Inc. 10-K</a></p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;"><b>EXHIBIT 31.1</b></p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>CERTIFICATION</b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">I, Daniel J. Moos, certify that:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">1.</td>
            <td style="text-align: justify;">I have reviewed this annual report of American Realty Investors, Inc.;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">2.</td>
            <td style="text-align: justify;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">3.</td>
            <td style="text-align: justify;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">4.</td>
            <td style="text-align: justify;">The registrant&#x2019;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(a)</td>
            <td style="text-align: justify;">Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(b)</td>
            <td style="text-align: justify;">Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(c)</td>
            <td style="text-align: justify;">Evaluated the effectiveness of the registrant&#x2019;s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluations; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(d)</td>
            <td style="text-align: justify;">Disclosed in the report any change in the registrant&#x2019;s internal control over financial reporting that occurred during the registrant&#x2019;s most recent fiscal quarter (the registrant&#x2019;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#x2019;s internal control over financial reporting; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#x2019;s other certifying officer(s) and I have disclosed, based on the most recent evaluation of internal control over financial reporting, to the registrant&#x2019;s auditors and the audit committee of the registrant&#x2019;s board of directors (or persons performing the equivalent functions):</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 24.5pt;">(a)</td>
            <td style="text-align: justify;">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#x2019;s ability to record, process, summarize and report financial information; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.5pt;"></td>
            <td style="width: 24.5pt;">(b)</td>
            <td style="text-align: justify;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#x2019;s internal control over financial reporting.</td>
        </tr>
    </table>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr>
            <td style="width: 50%; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="width: 50%; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">Dated: March 30, 2018</font>
            </td>
            <td style="border-bottom: Black 1pt solid; vertical-align: bottom;">
                <p style="margin-bottom: 0; margin-top: 0; text-align: center; font: 10pt Arial, Helvetica, Sans-Serif;">
                    <font style="font-family: Times New Roman, Times, Serif;">/s/
                        <font style="font-size: 10pt; font-variant: small-caps;">Daniel J. Moos&nbsp;</font>
                    </font>
                </p>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: bottom; text-align: center; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Daniel J. Moos</b></font>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
            </td>
            <td style="vertical-align: bottom;">
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
                    <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>President and Chief Executive Officer</b></font>
                </p>
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
                    <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>(Principal Executive Officer)</b></font>
                </p>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
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        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>4
<FILENAME>ex31-2.htm
<DESCRIPTION>CERTIFICATION BY PRINCIPAL FINANCIAL OFFICER
<TEXT>
<HTML>

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    <TITLE>ex31-2.htm</TITLE>
</HEAD>

<BODY style="font: 10pt Times New Roman, Times, Serif">
    <!-- Edge Version : 1.2 -->
    <div align="LEFT" style="margin-bottom: 0; margin-top: 0;">
        <div style="border-bottom: Black 1pt solid; border-top: Black 2pt solid; width: 100%; font-size: 1pt;">&nbsp;</div>
    </div>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;"><a href="arl-10k_123117.htm">American Realty Investors, Inc. 10-K</a></p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;"><b>EXHIBIT 31.2 </b></p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>CERTIFICATION </b></p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">I, Gene S. Bertcher, certify that:</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">1.</td>
            <td style="text-align: justify;">I have reviewed this Form 10-K of American Realty Investors, Inc.;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">2.</td>
            <td style="text-align: justify;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">3.</td>
            <td style="text-align: justify;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">4.</td>
            <td style="text-align: justify;">The registrant&#x2019;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(a)</td>
            <td style="text-align: justify;">Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(b)</td>
            <td style="text-align: justify;">Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(c)</td>
            <td style="text-align: justify;">Evaluated the effectiveness of the registrant&#x2019;s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluations; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(d)</td>
            <td style="text-align: justify;">Disclosed in the report any change in the registrant&#x2019;s internal control over financial reporting that occurred during the registrant&#x2019;s most recent fiscal quarter (the registrant&#x2019;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#x2019;s internal control over financial reporting; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 0;"></td>
            <td style="width: 24.45pt;">5.</td>
            <td style="text-align: justify;">The registrant&#x2019;s other certifying officer(s) and I have disclosed, based on the most recent evaluation of internal control over financial reporting, to the registrant&#x2019;s auditors and the audit committee of the registrant&#x2019;s board of directors (or persons performing the equivalent functions):</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(a)</td>
            <td style="text-align: justify;">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#x2019;s ability to record, process, summarize and report financial information; and</td>
        </tr>
    </table>
    <p style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <table style="margin-bottom: 0pt; margin-top: 0pt; font: 10pt Times New Roman,serif;" cellpadding="0" cellspacing="0" width="100%">
        <tr style="vertical-align: top;">
            <td style="width: 24.45pt;"></td>
            <td style="width: 24.5pt;">(b)</td>
            <td style="text-align: justify;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#x2019;s internal control over financial reporting.</td>
        </tr>
    </table>
    <table style="width: 100%; font-size: 10pt; border-collapse: collapse;" cellpadding="0" cellspacing="0">
        <tr>
            <td style="width: 50%; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="width: 50%; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;">Dated: March 30, 2018</font>
            </td>
            <td style="border-bottom: Black 1pt solid; vertical-align: bottom;">
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">/s/                    <font style="font-variant: small-caps;">Gene S. Bertcher</font>
                </p>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="vertical-align: bottom; text-align: center; font-family: Times New Roman,serif;">
                <font style="font-size: 10pt;"><b>Gene S. Bertcher</b></font>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top; text-align: justify; font-family: Times New Roman,serif;">&nbsp;</td>
            <td style="vertical-align: bottom;">
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>Executive Vice President and Chief Financial Officer,</b></p>
                <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;"><b>(Principal Financial and Accounting Officer)</b></p>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <!-- Field: Page; Sequence:  3; -->
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        <p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</p>
    </div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>5
<FILENAME>ex32-1.htm
<DESCRIPTION>CERTFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER
<TEXT>
<HTML>

<HEAD>
    <TITLE>ex32-1.htm</TITLE>
</HEAD>

<BODY style="font: 10pt Times New Roman, Times, Serif">
    <!-- Edge Version : 1.2 -->
    <div align="LEFT" style="margin-bottom: 0; margin-top: 0;">
        <div style="border-bottom: Black 1pt solid; border-top: Black 2pt solid; width: 100%; font-size: 1pt;">&nbsp;</div>
    </div>
    <p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman,serif;"><a href="arl-10k_123117.htm">American Realty Investors, Inc. 10-K</a></p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">&nbsp;</p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>EXHIBIT 32.1</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: right; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>Certification Pursuant to 18 U.S.C. Section&nbsp;1350, </b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;"><b>as Adopted Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 </b></font>
    </p>
    <p style="margin: 0pt 0; text-align: center; font: 10pt Times New Roman,serif;">
        <font style="font-family: Times New Roman, Times, Serif; font-size: 10pt;">&nbsp;</font>
    </p>
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    <us-gaap:AmortizationOfDeferredCharges contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">2842000</us-gaap:AmortizationOfDeferredCharges>
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    <us-gaap:LeasesOfLesseeDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; width: 100%; margin-top: 0px; margin-bottom: 0pt; font-size-adjust: none; font-stretch: normal"&gt;&#13;&lt;tr style="line-height: normal; text-align: justify; vertical-align: top; font-size-adjust: none; font-stretch: normal"&gt;&#13;    &lt;td style="line-height: normal; width: 0.75in; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE&#13;    10.&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: justify; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;FUTURE&#13;    MINIMUM RENTAL INCOME UNDER OPERATING LEASES&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;ARL&amp;#8217;s&#13;operations include the leasing of commercial properties (office buildings, industrial warehouses and retail centers). The leases,&#13;thereon, expire at various dates through 2025. The following is a schedule of minimum future rents due to ARL under non-cancelable&#13;operating leases as of December 31, 2017 (dollars in thousands):&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table align="center" cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; width: 30%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal"&gt;&#13;&lt;tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal"&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="font-weight: bold; line-height: normal; text-align: center; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Amount&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal; background-color: rgb(204, 238, 255)"&gt;&#13;    &lt;td style="line-height: normal; width: 55%; text-align: center; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2018&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; width: 3%; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; width: 3%; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; width: 3%; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; width: 33%; text-align: right; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;25,042&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; width: 3%; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal; background-color: white"&gt;&#13;    &lt;td style="line-height: normal; text-align: center; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,828&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal; background-color: rgb(204, 238, 255)"&gt;&#13;    &lt;td style="line-height: normal; text-align: center; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2020&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,869&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal; background-color: white"&gt;&#13;    &lt;td style="line-height: normal; text-align: center; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2021&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,643&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal; background-color: rgb(204, 238, 255)"&gt;&#13;    &lt;td style="line-height: normal; text-align: center; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2022&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: right; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,634&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal; background-color: white"&gt;&#13;    &lt;td style="line-height: normal; text-align: center; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Thereafter&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: right; border-bottom: black 1pt solid; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,686&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: left; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal; background-color: rgb(204, 238, 255)"&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; text-align: center; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; text-align: left; padding-bottom: 2pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; padding-bottom: 2pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; text-align: left; border-bottom: black 2pt double; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; text-align: right; border-bottom: black 2pt double; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;101,702&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; line-height: normal; text-align: left; padding-bottom: 2pt; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;</us-gaap:LeasesOfLesseeDisclosureTextBlock>
    <us-gaap:EarningsPerShareTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; width: 100%; margin-top: 0px; margin-bottom: 0pt; font-size-adjust: none; font-stretch: normal"&gt;&#13;&lt;tr style="line-height: normal; text-align: justify; vertical-align: top; font-size-adjust: none; font-stretch: normal"&gt;&#13;    &lt;td style="line-height: normal; width: 0.75in; text-align: left; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE&#13;    15. &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="line-height: normal; text-align: justify; font-size-adjust: none; font-stretch: normal"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;EARNINGS&#13;    PER SHARE&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Earnings&#13;per share (&amp;#8220;EPS&amp;#8221;) has been computed pursuant to the provisions of ASC Topic 260 &amp;#8220;&lt;i&gt;Earnings Per Share.&amp;#8221;&#13;&lt;/i&gt;The computation of basic EPS is calculated by dividing net income available to common shareholders from continuing operations,&#13;adjusted for preferred dividends, by the weighted-average number of common shares outstanding during the period. Shares issued&#13;during the period shall be weighted for the portion of the period that they were outstanding.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;of December 31, 2017, we have 2,000,614 shares of Series A 10.0% cumulative convertible preferred stock, which are outstanding.&#13;These shares may be converted into common stock at 90% of the average daily closing price of the common stock for the prior 20&#13;trading days. These are considered in the computation of diluted earnings per share if the effect of applying the if-converted&#13;method is dilutive. Of the outstanding 2,000,614 shares, 900,000 are held by ARL. Dividends are not paid on the shares owned by&#13;ARL.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Prior&#13;to July 17, 2014, RAI owned 2,451,435 shares of the outstanding Series A 10.0.0% convertible preferred stock and had accrued dividends&#13;unpaid of $15.1 million. On July 17, 2014, RAI converted 890,797 shares, including $6.3 million in accumulated dividends unpaid&#13;for these shares, into the requisite number of shares of common stock. This conversion resulted in the issuance of 2,502,230 new&#13;shares of ARL common stock. On April 9, 2015, RAI converted 460,638 shares including $2.3 million in accumulated dividends unpaid&#13;for these shares, into the requisite number of shares of common stock. This conversion resulted in the issuance of 1,486,741 new&#13;shares of ARL common stock. As of December 31, 2017, RAI owns 1,100,000 shares of the outstanding Series A convertible preferred&#13;stock and has accrued dividends unpaid of $9.7 million.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;Company had 135,000 shares of Series K convertible preferred stock, which were held by TCI and used as collateral on a note. The&#13;note has been paid in full and the Series K preferred stock was cancelled May 7, 2014.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Prior&#13;to January 1, 2015, the Company had 1,000 shares of stock options outstanding. These options expired unexercised January 1, 2015.&#13;The options are no longer included in the dilutive earnings per share calculation for the current period, but are considered in&#13;the computation for the prior periods if applying the &amp;#8220;treasury stock&amp;#8221; method is dilutive.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As&#13;of December 31, 2017, the Series A convertible preferred stock and the stock options were anti-dilutive and therefore not included&#13;in the EPS calculation.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"&gt;&lt;/p&gt;</us-gaap:EarningsPerShareTextBlock>
    <us-gaap:RealEstateAndAccumulatedDepreciationDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt"&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0; margin-bottom: 0"&gt;&lt;b&gt;Schedule III&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;AMERICAN REALTY INVESTORS, INC.&lt;/b&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;REAL ESTATE AND ACCUMULATED DEPRECIATION&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"&gt;&lt;b&gt;December 31, 2017&lt;/b&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; 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   &lt;td style="border-bottom: black 1pt solid; font-weight: bold; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;Property/Location&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Encumbrances&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Land&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Buildings&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Improvements&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Impairment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Land&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Improvements&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Total&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Depreciation&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;693&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;6,650&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;7,343&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;430&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;1972&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;06&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;/15&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 6pt Times New Roman, Times, Serif"&gt;40 years&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; 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   &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;790&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;11,595&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; 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   &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;790&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;11,595&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;12,385&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;4,019&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;2002&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;07&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;/03&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 6pt Times New Roman, Times, Serif"&gt;40 years&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="text-align: left; font-weight: bold; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;Total Apartments Held for Investment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;Terra Lago, Rowlett, TX&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="text-align: left; font-weight: bold; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;Total Land Held for Investment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;27,783&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;90,721&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;20,167&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;(33,329&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;91,065&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;(13,162&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;77,559&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; 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font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Subsequent to&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Asset&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="10" style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;Gross Amounts of Which&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="text-align: center"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="text-align: center; font-weight: bold"&gt;&lt;font style="font: 6pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Accumulated &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="text-align: center; font-weight: bold"&gt;&lt;font style="font: 6pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Date of&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; font-weight: bold; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;Total Properties Held for Investment&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;909,195&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;188,561&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;832,441&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;147,834&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;(51,409&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;188,905&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;928,866&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;1,117,427&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;177,546&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="text-align: left; font-weight: bold; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;Total Commercial Held for Sale&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; 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background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; 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   &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="text-align: left; font-weight: bold; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;Total Land Subject to Sales Contract&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;1,499&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;61,149&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;820&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;(13,734&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;48,235&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;48,235&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 1pt; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; font-weight: bold; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;Total Properties Subject to Sales Contract&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;1,499&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;61,149&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; padding-bottom: 1pt; 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   &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left; font-weight: bold; padding-left: 9pt; text-indent: -9pt"&gt;&lt;font style="font-size: 6pt"&gt;TOTAL:&amp;#160;&amp;#160;Real Estate&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;910,694&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;249,710&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;832,441&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;148,654&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;(65,143&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;237,140&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;928,866&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;1,165,662&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; padding-bottom: 2pt; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;177,546&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left; font-weight: bold"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font-size: 6pt"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 9pt; text-indent: -9pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 9pt; text-indent: -9pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;2017&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;2016&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;2015&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-left: 9pt; text-indent: -9pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="10" style="text-align: center; font-weight: bold"&gt;(dollars in thousansds)&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="text-align: left; padding-left: 9pt; text-indent: -9pt"&gt;Reconciliation of Real Estate&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="width: 58%; padding-left: 9pt; text-indent: -9pt"&gt;Balance at January 1,&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 11%; text-align: right"&gt;1,066,603&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 11%; text-align: right"&gt;1,003,545&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="width: 11%; text-align: right"&gt;831,540&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-left: 18pt; text-indent: -9pt"&gt;Additions&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="text-align: left; padding-left: 27pt; text-indent: -9pt"&gt;Acquisitions, improvements and construction&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;129,483&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;112,762&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;216,090&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-left: 18pt; text-indent: -9pt"&gt;Deductions&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="text-align: left; padding-left: 27pt; text-indent: -9pt"&gt;Sale of real estate&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;(30,424&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;)&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;(49,704&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;)&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;(38,785&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; padding-left: 27pt; text-indent: -9pt"&gt;Asset impairments&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&amp;#8212;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&amp;#8212;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;(5,300&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-bottom: 2pt; padding-left: 9pt; text-indent: -9pt"&gt;Balance at December 31,&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;1,165,662&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;1,066,603&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;1,003,545&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-left: 9pt; text-indent: -9pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="text-align: left; padding-left: 9pt; text-indent: -9pt"&gt;Reconciliation of Accumulated Depreciation&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-left: 9pt; text-indent: -9pt"&gt;Balance at January 1,&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;165,597&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;150,038&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;131,777&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-left: 18pt; text-indent: -9pt"&gt;Additions&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-left: 27pt; text-indent: -9pt"&gt;Depreciation&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;24,417&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;23,277&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;20,386&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-left: 18pt; text-indent: -9pt"&gt;Deductions&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; padding-left: 27pt; text-indent: -9pt"&gt;Sale of real estate&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;(12,468&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;)&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;(7,718&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;)&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;(2,125&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-bottom: 2pt; padding-left: 9pt; text-indent: -9pt"&gt;Balance at December 31,&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;177,546&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;165,597&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;$&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;150,038&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&#13;&#13;&lt;p style="margin: 0pt"&gt;&lt;/p&gt;</us-gaap:RealEstateAndAccumulatedDepreciationDisclosureTextBlock>
    <us-gaap:RealEstatePolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Real&#13;estate, depreciation, and impairment&lt;/i&gt;.&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;Real estate assets are stated at the lower of depreciated&#13;cost or fair value, if deemed impaired. Major replacements and betterments are capitalized and depreciated over their estimated&#13;useful lives. Depreciation is computed on a straight-line basis over the useful lives of the properties (buildings and improvements&amp;#8212;10-40&#13;years; furniture, fixtures and equipment&amp;#8212;5-10 years). We continually evaluate the recoverability of the carrying value of&#13;its real estate assets using the methodology prescribed in ASC Topic 360, &amp;#8220;Property, Plant and Equipment,&amp;#8221; Factors&#13;considered by management in evaluating impairment of its existing real estate assets held for investment include significant declines&#13;in property operating profits, annually recurring property operating losses and other significant adverse changes in general market&#13;conditions that are considered permanent in nature. Under ASC Topic 360, a real estate asset held for investment is not considered&#13;impaired if the undiscounted, estimated future cash flows of an asset (both the annual estimated cash flow from future operations&#13;and the estimated cash flow from the theoretical sale of the asset) over its estimated holding period are in excess of the asset&amp;#8217;s&#13;net book value at the balance sheet date. If any real estate asset held for investment is considered impaired, a loss is provided&#13;to reduce the carrying value of the asset to its estimated fair value.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Any&#13;properties that are treated as &amp;#8220;subject to sales contract&amp;#8221; on the Consolidated Balance Sheets and are listed in detail&#13;in Schedule III, &amp;#8220;Real Estate and Accumulated Depreciation&amp;#8221; are those in which we have not recognized the legal sale&#13;according to the guidance in ASC 360-20 due to various factors, disclosed in each sale transaction under Item 1 Significant Real&#13;Estate Acquisitions/Dispositions and Financing. Any sale transaction where the guidance reflects that a sale had not occurred,&#13;the asset involved in the transaction, including the debt and property operations, remained on the books of the Company. We continue&#13;to charge depreciation to expense as a period costs for the property until such time as the property has been classified as held&#13;for sale in accordance with guidance reflected in ASC 360-10-45 &amp;#8220;Impairment or Disposal of Long-Lived Assets&amp;#8221;.&lt;/font&gt;&lt;/p&gt;</us-gaap:RealEstatePolicyTextBlock>
    <us-gaap:RealEstateHeldForDevelopmentAndSalePolicy contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Real&#13;estate held for sale&lt;/i&gt;&lt;/b&gt;.&lt;i&gt;&amp;#160;&amp;#160;&lt;/i&gt;We classify properties as held for sale when certain criteria are met in accordance&#13;with GAAP. At that time, we present the assets and obligations of the property held for sale separately in our consolidated balance&#13;sheet and we cease recording depreciation and amortization expense related to that property. Properties held for sale are reported&#13;at the lower of their carrying amount or their estimated fair value, less estimated costs to sell. We did not have any real estate&#13;assets classified as held for sale at December 31, 2017 or 2016.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Effective&#13;as of January 1, 2015, we adopted the revised guidance in Accounting Standards Update No.&amp;#160;2014-08 regarding discontinued&#13;operations. For sales of real estate or assets classified as held for sale after January 1, 2015, we will evaluate whether a disposal&#13;transaction meets the criteria of a strategic shift and will have a major effect on our operations and financial results to determine&#13;if the results of operations and gains on sale of real estate will be presented as part of our continuing operations or as discontinued&#13;operations in our consolidated statements of operations. If the disposal represents a strategic shift, it will be classified as&#13;discontinued operations for all periods presented; if not, it will be presented in continuing operations.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Any&#13;properties that are treated as &amp;#8220;subject to sales contract&amp;#8221; on the Consolidated Balance Sheets and are listed in detail&#13;in Schedule III, &amp;#8220;Real Estate and Accumulated Depreciation&amp;#8221; are those in which we have not recognized the legal sale&#13;according to the guidance in ASC 360-20 due to various factors, disclosed in Item 1 &amp;#8220;Significant Real Estate Acquisitions/Dispositions&#13;and Financing.&amp;#8221; Any sale transaction where the guidance reflects that a sale had not occurred, the asset involved in the&#13;transaction, including the debt, if appropriate, and property operations, remained on the books of the Company. We continue to&#13;charge depreciation to expense as a period costs for the property until such time as the property has been classified as held&#13;for sale in accordance with guidance reflected in ASC 360-10-45 &amp;#8220;Impairment or Disposal of Long-Lived Assets.&amp;#8221;&lt;/font&gt;&lt;/p&gt;</us-gaap:RealEstateHeldForDevelopmentAndSalePolicy>
    <us-gaap:CapitalizationOfInternalCostsPolicy contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Cost&#13;capitalization&lt;/i&gt;.&lt;/b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160; The cost of buildings and improvements includes the purchase price of property,&#13;legal fees and other acquisition costs. Costs directly related to planning, developing, initial leasing and constructing a property&#13;are capitalized and classified as Real Estate in the Consolidated Balance Sheets. Capitalized development costs include interest,&#13;property taxes, insurance, and other direct project costs incurred during the period of development.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;A&#13;variety of costs are incurred in the acquisition, development and leasing of properties. After determination is made to capitalize&#13;a cost, it is allocated to the specific component of a project that is benefited. Determination of when a development project&#13;is substantially complete and capitalization must cease involves a degree of judgment. Our capitalization policy on development&#13;properties is guided by ASC Topic 835-20 &amp;#8220;Interest &amp;#8211; Capitalization of Interest&amp;#8221; and ASC Topic 970 &amp;#8220;Real&#13;Estate - General&amp;#8221;. The costs of land and buildings under development include specifically identifiable costs. The capitalized&#13;costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest&#13;costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. We consider a&#13;construction project as substantially completed and held available for occupancy upon the receipt of certificates of occupancy,&#13;but no later than one year from cessation of major construction activity. We cease capitalization on the portion (1)&amp;#160;substantially&#13;completed and (2)&amp;#160;occupied or held available for occupancy, and we capitalize only those costs associated with the portion&#13;under construction.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;We&#13;capitalize leasing costs which include commissions paid to outside brokers, legal costs incurred to negotiate and document a lease&#13;agreement and any internal costs that may be applicable. We allocate these costs to individual tenant leases and amortize them&#13;over the related lease term.&lt;/font&gt;&lt;/p&gt;</us-gaap:CapitalizationOfInternalCostsPolicy>
    <us-gaap:FairValueMeasurementPolicyPolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Fair&#13;value measurement&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;We apply the guidance in ASC Topic 820, &amp;#8220;Fair Value Measurements&#13;and Disclosures,&amp;#8221; to the valuation of real estate assets. These provisions define fair value as the price that would be&#13;received to sell an asset or paid to transfer a liability in a transaction between market participants at the measurement date,&#13;establish a hierarchy that prioritizes the information used in developing fair value estimates and require disclosure of fair&#13;value measurements by level within the fair value hierarchy. The hierarchy gives the highest priority to quoted prices in active&#13;markets (Level 1 measurements) and the lowest priority to unobservable data (Level 3 measurements), such as the reporting entity&amp;#8217;s&#13;own data.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date&#13;and includes three levels defined as follows:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"&gt;&#13;&lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="width: 10%; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level&amp;#160;&#13;    1 &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 89%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Unadjusted&#13;    quoted prices for identical and unrestricted assets or liabilities in active markets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level&amp;#160; 2 &lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Quoted prices for similar&#13;    assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly,&#13;    for substantially the full term of the financial instrument.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: top"&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level&amp;#160; 3&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Unobservable inputs&#13;    that are significant to the fair value measurement.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;A&#13;financial instrument&amp;#8217;s categorization within the valuation hierarchy is based upon the lowest level of input that is significant&#13;to the fair value measurement.&lt;/font&gt;&lt;/p&gt;</us-gaap:FairValueMeasurementPolicyPolicyTextBlock>
    <arl:RelatedPartiesPolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Related&#13;parties&lt;/i&gt;. &lt;/b&gt;We apply ASC Topic 805, &amp;#8220;Business Combinations&amp;#8221;, to evaluate business relationships. Related parties&#13;are persons or entities who have one or more of the following characteristics, which include entities for which investments in&#13;their equity securities would be required, trust for the benefit of persons including principal owners of the entities and members&#13;of their immediate families, management personnel of the entity and members of their immediate families and other parties with&#13;which the entity may deal if one party controls or can significantly influence the decision making of the other to an extent that&#13;one of the transacting parties might be prevented from fully pursuing its own separate interests, or affiliates of the entity.&lt;/font&gt;&lt;/p&gt;</arl:RelatedPartiesPolicyTextBlock>
    <us-gaap:RevenueRecognitionPolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Recognition&#13;of revenue.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;Our revenues, which are composed largely of rental income, include rents reported&#13;on a straight-line basis over the lease term. In accordance with ASC 805 &amp;#8220;Business Combinations&amp;#8221;, we recognize rental&#13;revenue of acquired in-place &amp;#8220;above-&amp;#8221; and &amp;#8220;below-market&amp;#8221; leases at their fair values over the terms of&#13;the respective leases.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Reimbursements&#13;of operating costs, as allowed under most of our commercial tenant leases, consist of amounts due from tenants for common area&#13;maintenance, real estate taxes and other recoverable costs, and are recognized as revenue in the period in which the recoverable&#13;expenses are incurred. We record these reimbursements on a &amp;#8220;gross&amp;#8221; basis, since we generally are the primary obligor&#13;with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier and have the&#13;credit risk with respect to paying the supplier.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Rental&#13;income for residential property leases is recorded when due from residents and is recognized monthly as earned, which is not materially&#13;different than on a straight-line basis as lease terms are generally for periods of one year or less. For hotel properties, revenues&#13;for room sales and guest services are recognized as rooms occupied and services rendered. An allowance for doubtful accounts is&#13;recorded for all past due rents and operating expense reimbursements considered to be uncollectible.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Sales&#13;and the associated gains or losses of real estate assets are recognized in accordance with the provisions of ASC Topic 360-20,&#13;&amp;#8220;Property, Plant and Equipment &amp;#8211; Real Estate Sale&amp;#8221;. The specific timing of a sale is measured against various&#13;criteria in ASC 360-20 related to the terms of the transaction and any continuing involvement in the form of management or financial&#13;assistance associated with the properties. If the sales criteria for the full accrual method are not met, the Company defers some&#13;or all of the gain recognition and accounts for the continued operations of the property by applying the finance, leasing, deposit,&#13;installment or cost recovery methods, as appropriate, until the sales criteria are met.&lt;/font&gt;&lt;/p&gt;</us-gaap:RevenueRecognitionPolicyTextBlock>
    <us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Foreign&#13;currency translation&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&amp;#160;&amp;#160;&lt;/i&gt;Foreign currency denominated assets and liabilities of subsidiaries with local&#13;functional currencies are translated to United States dollars at year-end exchange rates. The effects of translation are recorded&#13;in the cumulative translation component of shareholders&amp;#8217; equity. Subsidiaries with a United States dollar functional currency&#13;re-measure monetary assets and liabilities at year-end exchange rates and non-monetary assets and liabilities at historical exchange&#13;rates. The effects of re-measurement are included in income. Exchange gains and losses arising from transactions denominated in&#13;foreign currencies are translated at average exchange rates.&lt;/font&gt;&lt;/p&gt;</us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock>
    <us-gaap:LoansAndLeasesReceivableNonperformingLoanAndLeasePolicy contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Non-performing&#13;notes receivable.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&lt;/i&gt;ARL considers a note receivable to be non-performing when the maturity date has passed&#13;without principal repayment and the borrower is not making interest payments in accordance with the terms of the agreement.&lt;/font&gt;&lt;/p&gt;</us-gaap:LoansAndLeasesReceivableNonperformingLoanAndLeasePolicy>
    <arl:InterestRecognitionOnNotesReceivablePolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Interest&#13;recognition on notes receivable. &lt;/i&gt;&lt;/b&gt;We record interest income as earned in accordance with the terms of the related loan&#13;agreements.&lt;/font&gt;&lt;/p&gt;</arl:InterestRecognitionOnNotesReceivablePolicyTextBlock>
    <us-gaap:LoansAndLeasesReceivableAllowanceForLoanLossesPolicy contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Allowance&#13;for estimated losses&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&amp;#160;&amp;#160;&lt;/i&gt;We assess the collectability of notes receivable on a periodic basis, of which&#13;the assessment consists primarily of an evaluation of cash flow projections of the borrower to determine whether estimated cash&#13;flows are sufficient to repay principal and interest in accordance with the contractual terms of the note. We recognize impairments&#13;on notes receivable when it is probable that principal and interest will not be received in accordance with the contractual terms&#13;of the loan. The amount of the impairment to be recognized generally is based on the fair value of the partnership&amp;#8217;s real&#13;estate that represents the primary source of loan repayment. See Note 3 &amp;#8220;Notes and Interest Receivable&amp;#8221; for details&#13;on our notes receivable.&lt;/font&gt;&lt;/p&gt;</us-gaap:LoansAndLeasesReceivableAllowanceForLoanLossesPolicy>
    <us-gaap:ConcentrationRiskCreditRisk contextRef="From2017-01-01to2017-12-31">&lt;p&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Concentration of credit risk&lt;/i&gt;&lt;/b&gt;&lt;i&gt;. &lt;/i&gt;The&#13;Company maintains its cash balances at commercial banks and through investment companies, the deposits of which are insured by&#13;the Federal Deposit Insurance Corporation (FDIC). At December 31, 2017 and 2016, the Company maintained balances in excess of&#13;the insured amount.&lt;/font&gt;&lt;/p&gt;</us-gaap:ConcentrationRiskCreditRisk>
    <us-gaap:EarningsPerSharePolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Earnings&#13;per share&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;Income (loss) per share is presented in accordance with ASC 620 &amp;#8220;Earnings&#13;per Share&amp;#8221;. Income (loss) per share is computed based upon the weighted average number of shares of common stock outstanding&#13;during each year.&lt;/font&gt;&lt;/p&gt;</us-gaap:EarningsPerSharePolicyTextBlock>
    <us-gaap:UseOfEstimates contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Use&#13;of estimates.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;In the preparation of Consolidated Financial Statements in conformity with&#13;GAAP, it is necessary for management to make estimates and assumptions that affect the reported amounts of assets and liabilities&#13;and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts&#13;of revenues and expense for the year ended. Actual results could differ from those estimates.&lt;/font&gt;&lt;/p&gt;</us-gaap:UseOfEstimates>
    <us-gaap:IncomeTaxPolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Income&#13;taxes.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;The Company is a &amp;#8220;C&amp;#8221; corporation for U.S. federal income tax purposes. For&#13;tax periods ending before August 31, 2012, the Company filed an annual consolidated income tax return with TCI and IOR and their&#13;subsidiaries. ARL was the common parent for the consolidated group. After that date, the Company and the rest of the ARL group&#13;joined the MRHI consolidated group for tax purposes. The income tax expense (benefit) for the 2012 tax period in the accompanying&#13;financial statement was calculated under a tax sharing and compensating agreement between ARL, TCI and IOR. That agreement continued&#13;until August 31, 2012, at which time a new tax sharing and compensating agreement was entered into by ARL, TCI, IOR and MRHI for&#13;the remainder of 2012 and subsequent years. The agreement specifies the manner in which the group will share the consolidated&#13;tax liability and also how certain tax attributes are to be treated among members of the group.&lt;/font&gt;&lt;/p&gt;</us-gaap:IncomeTaxPolicyTextBlock>
    <us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Recent&#13;accounting pronouncements&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&lt;/i&gt;&amp;#160;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;May 2014, Accounting Standards Update (&amp;#8220;ASU&amp;#8221;) No. 2014-09 (&amp;#8220;ASU 2014-09&amp;#8221;), &amp;#8220;Revenue from Contracts&#13;with Customers,&amp;#8221; was issued. This new guidance established a new single comprehensive revenue recognition model and provides&#13;for enhanced disclosures. Under the new policy, the nature, timing and amount of revenue recognized for certain transactions could&#13;differ from those recognized under existing accounting guidance. This new standard does not affect revenue recognized under lease&#13;contracts. ASU 2014-09 is effective for reporting periods beginning after December 15, 2017. The Company is currently evaluating&#13;the impact the adoption of this guidance has on its financial position and results of operations, if any.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;February 2016, Accounting Standards Update No. 2016-02 (&amp;#8220;ASU 2016-02&amp;#8221;), &amp;#8220;Leases&amp;#8221; was issued. This new&#13;guidance establishes a new model for accounting for leases and provides for enhanced disclosures. ASU 2016-02 is effective for&#13;reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this guidance,&#13;if any, on its financial position and results of operations.&lt;/font&gt;&lt;/p&gt;</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>
    <us-gaap:FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="color: #252525; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td colspan="3" style="text-align: justify"&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="10" style="border-bottom: black 1pt solid; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fair&#13;    Value Measurements Using (dollars in thousands):&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td colspan="3" style="border-bottom: black 1pt solid; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;December&#13;    31, 2015&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fair&#13;    Value&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level&#13;    1&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level&#13;    2&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Level&#13;    3&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 18%; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Commercial&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 17%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,000&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 17%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 17%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 17%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,000&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;</us-gaap:FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock>
    <us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees,&#13;expenses, and revenue paid to and/or received from our advisor:&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 97%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="10" style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(dollars&#13;    in thousands)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="width: 61%; padding-left: 10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advisory&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 10%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,082&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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background-color: white"&gt;&#13;    &lt;td style="text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Mortgage&#13;    brokerage and equity refinancing&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,712&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13; 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   income&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;250&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;257&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;492&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Property&#13;    acquisition and sales&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; 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   &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;921&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,044&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,950&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,800&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other Expense:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost&#13;    reimbursements&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,240&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,826&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,675&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest&#13;    paid (received)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,195&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,144&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,234&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,045&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,682&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,441&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Revenue:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13; 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   &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;708&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;726&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="background-color: white"&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees paid to Regis&#13;    and related parties:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" style="width: 97%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td colspan="9" style="text-align: center"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(dollars&#13;    in thousands)&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="width: 61%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees:&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 10%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 10%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 10%; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Property&#13;    acquisition&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;9,128&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,775&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,932&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Property&#13;    management, construction management and leasing commissions&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;963&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;888&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;717&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: #cceeff"&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left; padding-left: 10pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Real&#13;    estate brokerage&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,369&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;787&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,105&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 1pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: white"&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,460&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,450&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="border-bottom: black 2pt double; text-align: right"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,754&lt;/font&gt;&lt;/td&gt;&#13;    &lt;td style="padding-bottom: 2pt; text-align: left"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;</us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock>
    <us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following is a schedule of minimum future rents due to ARL under non-cancelable operating leases as of December 31, 2017 (dollars&#13;in thousands):&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="font: 10pt Times New Roman, Times, Serif; margin: 0"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;table cellspacing="0" cellpadding="0" align="center" style="width: 30%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Year&lt;/b&gt;&lt;/font&gt;&lt;/td&gt;&#13; 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    <us-gaap:RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements contextRef="AsOf2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_LandHeldforInvestmentMember_custom_LakeShoreVillasHumbleTXMember_stpr_TX" unitRef="USD" decimals="-3">3000</us-gaap:RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_AndersonEstatesOxfordMSMember_country_MS">2003</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_BlueLakeVillasIWaxahachieTXMember_stpr_TX">2003</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_BlueLakeVillasIIWaxahachieTXMember_stpr_TX">2004</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_BreakwaterBayBeaumontTXMember_stpr_TX">2004</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_BridgewoodRanchKaufmanTXMember_stpr_TX">2007</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_CapitolHillLittleRockARMember_country_AR">2003</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_CentennialOakRidgeTNMember_country_TN">2011</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_CrossingatOpelikaOpelikaALMember_country_AL">2015</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_CurtisMooreEstatesGreenwoodMSMember_stpr_MS6943432">2003</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_DakotaArmsLubbockTXMember_stpr_TX">2004</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_DavidJordanPhaseIIGreenwoodMSMember_stpr_MS6943432">1999</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_DavidJordanPhaseIIIGreenwoodMSMember_stpr_MS6943448">2003</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_DesotoRanchDeSotoTXMember_stpr_TX">2002</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_FalconLakesArlingtonTXMember_stpr_TX">2001</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_HeatherCreekMesquiteTXMember_stpr_TX">2003</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_HollandLakeWeatherfordTXMember_stpr_TX">2004</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_LakeForestHoustonTXMember_stpr_TX">2004</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_LegacyatPleasantGroveTexarkanaTXMember_stpr_TX">2006</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_LoftsatReynoldsVillageAshevilleNCMember_stpr_NC">2012</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_LodgeatPecanCreekDentonTXMember_stpr_TX">2011</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_MansionsofMansfieldMansfieldTXMember_stpr_TX">2009</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_MetropolitanApartmentsNorthLittleRockARMember_stpr_AR">2010</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_MissionOaksSanAntonioTXMember_stpr_TX">2005</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_MonticelloEstateMonticelloARMember_stpr_AR6943448">2001</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_NorthsideonTravisShermanTXMember_stpr_TX">2009</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_OakHollowSequinTXMember_stpr_TX">2011</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_OceanaireApartmentsBiloxiMSMember_stpr_MS">2009</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_OverlookatAllensvilleSeviervilleTNMember_stpr_TN6943448">2012</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_ParcatClarksvilleClarksvilleTNMember_stpr_TN6943448">2007</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_ParcatDenhamSpringsDenhamSpringsLAMember_stpr_LA">2011</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_ParcatMaumelleLittleRockARMember_stpr_AR6943448">2006</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_ParcatMetroCenterNashvilleTNMember_stpr_TN6943464">2006</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_ParcatRogersRogersARMember_stpr_AR6943464">2007</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_PreserveatPecanCreekDentonTXMember_stpr_TX">2008</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_PreserveatPrairiePointeLubbockTXMember_stpr_TX">2005</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_RiverwalkPhaseIGreenvilleMSMember_stpr_MS6943464">2003</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_RiverwalkPhaseIIGreenvilleMSMember_stpr_MS6943464">2003</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_SawgrassCreekMember_stpr_FL">2008</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_SonomaCourtRockwallTXMember_stpr_TX">2011</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_SugarMillBatonRougeLAMember_stpr_LA">2009</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_TattersallVillageHinesvilleGAMember_country_GA">2010</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_ToulonGautierMSMember_stpr_MS6943464">2011</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_TradewindsMidlandTXMember_stpr_TX">2015</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_VillagerFt.WaltonFLMember_stpr_FL">1972</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_VillasatParkWestIPuebloCOMember_country_CO">2005</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_VillasatParkWestIIPuebloCOMember_stpr_CO6943479">2010</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_VistaRidgeTupeloMSMember_stpr_MS6943479">2009</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_VistasofVanceJacksonSanAntonioTXMember_stpr_TX">2004</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_WaterfordRosebergTXMember_stpr_TX">2013</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_WestwoodMaryEsterFLMember_stpr_FL">1972</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_WindsongFortWorthTXMember_stpr_TX">2002</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_CommercialHeldforInvestmentMember_custom_LasColinasLasColinasTXMember_stpr_TX">1984</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_CommercialHeldforInvestmentMember_custom_SouthPostOakHoustonTXMember_stpr_TX">1970</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_CommercialHeldforInvestmentMember_custom_BridgeviewPlazaLaCrosseWIMember_stpr_WI">1979</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_CommercialHeldforInvestmentMember_custom_BrowningPlaceParkWestIFarmersBranchTXMember_stpr_TX">1984</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2 contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_CommercialHeldforInvestmentMember_custom_MahoganyRunGolfCourseUSVirginIslandsMember_country_VI">1981</arl:RealEstateAndAccumulatedDepreciationDateOfConstruction2>
    <arl:RealEstateAndAccumulatedDepreciationDateAcquired contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_AndersonEstatesOxfordMSMember_country_MS">6-Jan</arl:RealEstateAndAccumulatedDepreciationDateAcquired>
    <arl:RealEstateAndAccumulatedDepreciationDateAcquired contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_BlueLakeVillasIWaxahachieTXMember_stpr_TX">2-Jan</arl:RealEstateAndAccumulatedDepreciationDateAcquired>
    <arl:RealEstateAndAccumulatedDepreciationDateAcquired contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_BlueLakeVillasIIWaxahachieTXMember_stpr_TX">4-Jan</arl:RealEstateAndAccumulatedDepreciationDateAcquired>
    <arl:RealEstateAndAccumulatedDepreciationDateAcquired contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_BreakwaterBayBeaumontTXMember_stpr_TX">3-May</arl:RealEstateAndAccumulatedDepreciationDateAcquired>
    <arl:RealEstateAndAccumulatedDepreciationDateAcquired contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_BridgewoodRanchKaufmanTXMember_stpr_TX">8-Apr</arl:RealEstateAndAccumulatedDepreciationDateAcquired>
    <arl:RealEstateAndAccumulatedDepreciationDateAcquired contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_CapitolHillLittleRockARMember_country_AR">3-Mar</arl:RealEstateAndAccumulatedDepreciationDateAcquired>
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    <arl:RealEstateAndAccumulatedDepreciationDateAcquired contextRef="From2017-01-01to2017-12-31_custom_PropertiesHeldforInvestmentCorporateDebtMember_custom_PropertiesHeldforInvestmentApartmentsMember_custom_DakotaArmsLubbockTXMember_stpr_TX">4-Jan</arl:RealEstateAndAccumulatedDepreciationDateAcquired>
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    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_ShermanBullMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncEchoStationMember_custom_InterestinUHofTempleLLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember_custom_InterestinUHofInwoodLLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember_custom_InterestinUHofKensingtonLLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_custom_InterestinUnifiedHousingFoundationIncMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_custom_InterestinHFSofHumbleLLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLimestoneRanchMember_custom_InterestinUHofVistaRidgeLLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncReserveatWhiteRockIMember_custom_InterestinUHofHarvestHillILLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncReserveatWhiteRockIIMember_custom_InterestinUHofHarvestHillLLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTimbersofTerrellMember_custom_InterestinUHofTerrellLLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTivoliMember_custom_InterestinUHofTivoliLLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTrailsatWhiteRockMember_custom_InterestinUHofHarvestHillIIILLCMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_WilliamHIngramMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_WilliamSUrkielMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_WillinghamRevocableTrustMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_JuniorLoansMember_custom_VariousRelatedPartyNotesMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_UnsecuredDebtMember_custom_OneRealcoCorporation1Member" id="Foot-02-3">&lt;p&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest and principal due at maturity.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&#13;&lt;/font&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_UnsecuredDebtMember_custom_RealtyAdvisorsManagementIncMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_UnsecuredDebtMember_custom_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_UnsecuredDebtMember_custom_UnifiedHousingFoundationInc5Member">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_UnsecuredDebtMember_custom_UnifiedHousingFoundationIncMember">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_UnsecuredDebtMember_custom_UnifiedHousingFoundationInc1Member">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms contextRef="From2017-01-01to2017-12-31_us-gaap_UnsecuredDebtMember_custom_VariousRelatedPartyNotes1Member">&lt;p style="font-size: 9pt"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/font&gt;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstatePeriodicPaymentTerms>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncEchoStationMember_custom_InterestinUHofTempleLLCMember" unitRef="USD" decimals="-3">9719000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember_custom_InterestinUHofInwoodLLCMember" unitRef="USD" decimals="-3">22227000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember_custom_InterestinUHofKensingtonLLCMember" unitRef="USD" decimals="-3">18723000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_custom_InterestinUnifiedHousingFoundationIncMember" unitRef="USD" decimals="-3">15756000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_custom_InterestinHFSofHumbleLLCMember" unitRef="USD" decimals="-3">15965000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLimestoneRanchMember_custom_InterestinUHofVistaRidgeLLCMember" unitRef="USD" decimals="-3">18641000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncReserveatWhiteRockIMember_custom_InterestinUHofHarvestHillILLCMember" unitRef="USD" decimals="-3">15640000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncReserveatWhiteRockIIMember_custom_InterestinUHofHarvestHillLLCMember" unitRef="USD" decimals="-3">14026000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTimbersofTerrellMember_custom_InterestinUHofTerrellLLCMember" unitRef="USD" decimals="-3">7294000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTivoliMember_custom_InterestinUHofTivoliLLCMember" unitRef="USD" decimals="-3">10398000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTrailsatWhiteRockMember_custom_InterestinUHofHarvestHillIIILLCMember" unitRef="USD" decimals="-3">21712000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstatePriorLiens1 contextRef="AsOf2017-12-31_us-gaap_UnsecuredDebtMember_custom_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member" unitRef="USD" decimals="-3">15965000</us-gaap:MortgageLoansOnRealEstatePriorLiens1>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_ChristineTunneyMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">49000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_ComptonPartnersMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">289000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_DavidMonierMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">97000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_EarlSamsonIIIMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">96000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_EdwardSamsonIIIMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">96000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_H198LLCMember_custom_LasVegasLandMember" unitRef="USD" decimals="-3">5907000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_HammonOperatingCorporationMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">193000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_HaroldWolfeMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">193000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_HerrickPartnersMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">91000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_MaryAnnaMacLeanMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">193000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_MichaelMonierMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">304000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_MichaleWitteMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">96000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_PalmerBrownMaddenMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">96000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_RichardSchmaltzMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">203000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_RobertBaylisMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">193000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_ShermanBullMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">193000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncEchoStationMember_custom_InterestinUHofTempleLLCMember" unitRef="USD" decimals="-3">1809000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember_custom_InterestinUHofInwoodLLCMember" unitRef="USD" decimals="-3">5462000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember_custom_InterestinUHofKensingtonLLCMember" unitRef="USD" decimals="-3">4310000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_custom_InterestinUnifiedHousingFoundationIncMember" unitRef="USD" decimals="-3">8836000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_custom_InterestinHFSofHumbleLLCMember" unitRef="USD" decimals="-3">2959000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncLimestoneRanchMember_custom_InterestinUHofVistaRidgeLLCMember" unitRef="USD" decimals="-3">12335000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncReserveatWhiteRockIMember_custom_InterestinUHofHarvestHillILLCMember" unitRef="USD" decimals="-3">2794000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncReserveatWhiteRockIIMember_custom_InterestinUHofHarvestHillLLCMember" unitRef="USD" decimals="-3">2843000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTimbersofTerrellMember_custom_InterestinUHofTerrellLLCMember" unitRef="USD" decimals="-3">1702000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTivoliMember_custom_InterestinUHofTivoliLLCMember" unitRef="USD" decimals="-3">12761000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_UnifiedHousingFoundationIncTrailsatWhiteRockMember_custom_InterestinUHofHarvestHillIIILLCMember" unitRef="USD" decimals="-3">4245000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_WilliamHIngramMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">96000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_WilliamSUrkielMember_custom_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" unitRef="USD" decimals="-3">97000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
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    <us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages contextRef="AsOf2017-12-31_us-gaap_JuniorLoansMember_custom_VariousRelatedPartyNotesMember" unitRef="USD" decimals="-3">1349000</us-gaap:MortgageLoansOnRealEstateFaceAmountOfMortgages>
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    <us-gaap:MortgageLoansOnRealEstateWritedownOrReserveAmount1 contextRef="AsOf2017-12-31" unitRef="USD" decimals="-3">15770000</us-gaap:MortgageLoansOnRealEstateWritedownOrReserveAmount1>
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    <arl:PreferredStockHeldBySubsidiary contextRef="AsOf2016-12-31_custom_SeriesKPreferredStockMember_us-gaap_SubsidiariesMember" unitRef="Shares" decimals="INF">135000</arl:PreferredStockHeldBySubsidiary>
    <us-gaap:EquityMethodInvestmentsDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellpadding="0" cellspacing="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 4.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments in unconsolidated subsidiaries, jointly owned companies and other investees in which we have a 20% to 50% interest or otherwise exercise significant influence are carried at cost, adjusted for the Company&amp;#8217;s proportionate share of their undistributed earnings or losses, via the equity method of accounting.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments accounted for via the equity method consists of the following:&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellpadding="0" cellspacing="0" style="width: 66%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Percentage ownership as of December 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 24%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gruppa Florentina, LLC&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20.00&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20.00&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20.00&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(1)&lt;/sup&gt; Other investees.&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: center; text-indent: 24.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The market values, other than unconsolidated subsidiaries, as of the year ended December 31, 2017, 2016 and 2015 were not determinable as there were no readily traded markets for these entities. The following is a summary of the financial position and results of operations from our investees (dollars in thousands):&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="11" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;For the Twelve Months Ended December 31,&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;Other Investees&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 46%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Real estate, net of accumulated depreciation&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12,587&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;13,641&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;13,899&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Notes receivable&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,724&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;9,561&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;8,457&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Other assets&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;32,176&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,135&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;30,834&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Notes payable&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(17,845&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(9,834&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(10,883&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Other liabilities&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,991&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(8,284&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(7,967&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Shareholders' equity/partners capital&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(23,651&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(36,219&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(34,340&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;Revenue&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;38,747&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;54,264&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;51,650&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,279&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,150&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,150&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Operating expenses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(35,410&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(49,856&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(47,143&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Interest expense&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(1,065&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(793&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(805&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income (loss) from continuing operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;993&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,465&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,552&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income (loss) from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Net&amp;#160;&amp;#160;income (loss)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;993&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,465&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,552&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: normal 10pt Times New Roman, Times, Serif"&gt;Company's proportionate share of earnings&#13;                &lt;font style="font: normal 10pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;199&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;493&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;510&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: normal 10pt Times New Roman, Times, Serif"&gt;(1) Earnings represent continued and discontinued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
    <us-gaap:EquityMethodInvestmentsTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments accounted for via the equity method consists of the following:&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellpadding="0" cellspacing="0" style="width: 66%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Percentage ownership as of December 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 24%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gruppa Florentina, LLC&lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20.00&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20.00&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20.00&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(1)&lt;/sup&gt; Other investees.&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;</us-gaap:EquityMethodInvestmentsTextBlock>
    <arl:ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The following is a summary of the financial position and results of operations from our investees (dollars in thousands):&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="11" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;For the Twelve Months Ended December 31,&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;Other Investees&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 46%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Real estate, net of accumulated depreciation&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12,587&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;13,641&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;13,899&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Notes receivable&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,724&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;9,561&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;8,457&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Other assets&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;32,176&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,135&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;30,834&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Notes payable&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(17,845&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(9,834&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(10,883&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Other liabilities&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,991&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(8,284&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(7,967&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Shareholders' equity/partners capital&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(23,651&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(36,219&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(34,340&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;Revenue&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;38,747&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;54,264&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;51,650&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,279&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,150&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,150&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Operating expenses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(35,410&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(49,856&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(47,143&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Interest expense&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(1,065&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(793&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(805&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income (loss) from continuing operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;993&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,465&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,552&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income (loss) from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Net&amp;#160;&amp;#160;income (loss)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;993&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,465&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,552&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; 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    <us-gaap:MortgageLoansOnRealEstateByLoanDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;a name="arl10kb009"&gt;&lt;/a&gt;SCHEDULE IV&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-family: Times New Roman, Times, Serif"&gt;&lt;b&gt;AMERICAN REALTY INVESTORS, INC.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-family: Times New Roman, Times, Serif"&gt;&lt;b&gt;MORTGAGE LOANS &lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-family: Times New Roman, Times, Serif"&gt;&lt;b&gt;December 31, 2017&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.125in; width: 36%; text-align: center; text-indent: -0.125in"&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 6%; text-align: center"&gt;&lt;b&gt;&amp;#160;Interest Rate&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 5%; text-align: center"&gt;&lt;b&gt;Final Maturity Date&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: center"&gt;&lt;b&gt;Periodic Payment Terms&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 4%; text-align: center"&gt;&lt;b&gt;Prior Liens&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 8%; text-align: center"&gt;&lt;b&gt;Face Amount of Mortgage&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: center"&gt;&lt;b&gt;&amp;#160;Carrying Amount of Mortgage &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 7%; text-align: center"&gt;&lt;b&gt;Principal or Loans Subject to Delinquent Principal or Interest&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: center; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="5" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(dollars in thousands)&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: bottom; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Christine Tunney&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;49&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;48&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Compton Partners&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;289&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;289&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;David Monier&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;97&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;97&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Earl Samson III&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Edward Samson III&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: bottom; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;H198, LLC&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;01/20&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;5,907&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;5,907&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: bottom; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Las Vegas Land&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Hammon Operating Corporation&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Harold Wolfe&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Herrick Partners&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;91&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;91&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Mary Anna MacLean&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Michael Monier&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;304&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;304&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Michale Witte&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Palmer Brown Madden&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Richard Schmaltz&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;203&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;203&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Robert Baylis&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Sherman Bull&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;193&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Echo Station) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;9,719&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,809&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,481&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;p style="margin: 0pt 0 0pt 0.25in; text-indent: -0.25in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                    &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Temple, LLC&amp;#160;&lt;/font&gt;&#13;                &lt;/p&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;SCHEDULE IV&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(Continued)&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;AMERICAN REALTY INVESTORS, INC.&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;MORTGAGE LOANS &lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December 31, 2017&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font-size: 10pt"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; width: 36%; text-align: center"&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 6%; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;&amp;#160;Interest Rate&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 5%; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Final Maturity Date&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 18%; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Periodic Payment Terms&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 4%; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Prior Liens&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 8%; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Face Amount of Mortgage&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 9%; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;&amp;#160;Carrying Amount of Mortgage &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 7%; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Principal or Loans Subject to Delinquent Principal or Interest&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="5" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(dollars in thousands)&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Inwood on the Park/UH of Inwood, LLC) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;22,227&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;5,462&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;3,639&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Inwood, LLC&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Kensington Park/UH of Kensington, LLC) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;18,723&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;4,310&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;3,933&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Kensington, LLC&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) (31.5% of cash flow) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;15,756&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;8,836&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;6,369&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Interest in Unified Housing Foundation Inc.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;15,965&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,959&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,732&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in HFS of Humble, LLC&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Limestone Ranch) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;18,641&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;12,335&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;7,953&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Vista Ridge, LLC&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Reserve at White Rock I) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;15,640&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,794&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,485&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Harvest Hill I, LLC&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Reserve at White Rock II) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;14,026&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,843&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,555&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Harvest Hill, LLC&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Timbers of Terrell) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;7,294&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,702&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,323&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Terrell, LLC&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Tivoli) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;10,398&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;12,761&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;7,966&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Tivoli, LLC&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Trails at White Rock) &lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;21,712&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;4,245&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;3,815&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;100% Interest in UH of Harvest Hill III, LLC&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;William H. Ingram&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;William S. Urkiel&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;97&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;97&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Willingham Revocable Trust&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;10.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;09/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;96&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Class A limited partnership interests in Edina Park Plaza Associates, L.P.&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Various related party notes&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;various&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;various&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,349&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,349&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Various non-related party notes&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;various&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;various&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;496&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;796&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;SCHEDULE IV&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0pt; margin-top: 0pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(Continued)&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;AMERICAN REALTY INVESTORS, INC.&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;MORTGAGE LOANS &lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;December 31, 2017&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; text-indent: -0.125in"&gt;&lt;b&gt;Description&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;&amp;#160;Interest Rate&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Final Maturity Date&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Periodic Payment Terms&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Prior Liens&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Face Amount of Mortgage&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&lt;b&gt;Carrying Amount of Mortgage&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"&gt;&lt;b&gt;Principal or Loans Subject to Delinquent Principal or Interest&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;(dollars in thousands)&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; width: 35%; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 6%; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 5%; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 18%; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 4%; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 8%; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 7%; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 7%; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Leman Development, Ltd. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;0.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;N/A&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,500&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,500&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;One Realco Corporation &lt;sup&gt;(1)&lt;/sup&gt;&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;3.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;01/17&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Interest and principal due at maturity.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;10,000&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;7,000&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Oulan-Chikh Family Trust&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;8.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;03/21&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;174&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;174&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Realty Advisors Management, Inc.&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;2.28%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/16&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Interest only paid quarterly.&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;20,387&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;20,387&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) (68.5% of cash flow)&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/32&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;15,965&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,189&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;2,000&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc.&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/18&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;3,994&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;3,994&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc.&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/18&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;6,407&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;6,407&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Unified Housing Foundation, Inc.&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12.00%&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;06/20&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;5,760&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;5,760&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Various related party notes&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;various&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;various&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Excess cash flow&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;1,814&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;465&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Various non-related party notes&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;various&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;various&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;16,048&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right"&gt;&amp;#160;15,252&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#8212;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right"&gt;&amp;#160; 117,913&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="5" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Accrued interest&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;9,952&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="5" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Allowance for estimated losses&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right"&gt;&amp;#160;(15,770&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;$&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="border-bottom: Black 2.25pt double; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right"&gt;&lt;b&gt;&amp;#160; 112,095&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1) Fully reserved&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 100%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;SCHEDULE IV&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;AMERICAN REALTY INVESTORS, INC.&lt;br /&gt; MORTGAGE LOANS &lt;br /&gt; As of December 31,&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="font: bold 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands)&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.75pt; width: 61%; font: 10pt Times New Roman, Times, Serif"&gt;Balance at January 1,&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;143,601&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;137,280&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;152,645&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;Additions&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;New mortgage loans&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,741&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;11,703&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;18,055&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Increase (decrease) of interest receivable on mortgage loans&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;581&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;13,835&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;11,130&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;Deductions&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Amounts received&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(32,058&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(19,217&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(16,486&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Non-cash reductions&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#8212;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#8212;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(28,064&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.75pt; font: 10pt Times New Roman, Times, Serif"&gt;Balance at December 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;127,865&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;143,601&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;137,280&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;</us-gaap:MortgageLoansOnRealEstateByLoanDisclosureTextBlock>
    <us-gaap:MortgageLoansOnRealEstateCostOfMortgagesSold contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">32058000</us-gaap:MortgageLoansOnRealEstateCostOfMortgagesSold>
    <us-gaap:MortgageLoansOnRealEstateCostOfMortgagesSold contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">19217000</us-gaap:MortgageLoansOnRealEstateCostOfMortgagesSold>
    <us-gaap:MortgageLoansOnRealEstateCostOfMortgagesSold contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">16486000</us-gaap:MortgageLoansOnRealEstateCostOfMortgagesSold>
    <us-gaap:AmortizationOfFinancingCosts contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">971000</us-gaap:AmortizationOfFinancingCosts>
    <us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates contextRef="From2016-01-01to2016-12-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">336000</us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates>
    <us-gaap:PaymentsToDevelopRealEstateAssets contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">5998000</us-gaap:PaymentsToDevelopRealEstateAssets>
    <us-gaap:PaymentsToDevelopRealEstateAssets contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">8955000</us-gaap:PaymentsToDevelopRealEstateAssets>
    <arl:PaymentForImprovementOfLandHeldForDevelopment contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">1986000</arl:PaymentForImprovementOfLandHeldForDevelopment>
    <arl:PaymentForImprovementOfLandHeldForDevelopment contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">3023000</arl:PaymentForImprovementOfLandHeldForDevelopment>
    <arl:PaymentForImprovementOfLandHeldForDevelopment contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">6158000</arl:PaymentForImprovementOfLandHeldForDevelopment>
    <us-gaap:PaymentsForProceedsFromRealEstatePartnershipInvestmentNet contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">267000</us-gaap:PaymentsForProceedsFromRealEstatePartnershipInvestmentNet>
    <us-gaap:PaymentsForProceedsFromRealEstatePartnershipInvestmentNet contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">-2278000</us-gaap:PaymentsForProceedsFromRealEstatePartnershipInvestmentNet>
    <us-gaap:PaymentsForProceedsFromRealEstatePartnershipInvestmentNet contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">-4086000</us-gaap:PaymentsForProceedsFromRealEstatePartnershipInvestmentNet>
    <us-gaap:ProceedsFromSaleOfLandHeldForUse contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">6301000</us-gaap:ProceedsFromSaleOfLandHeldForUse>
    <us-gaap:ProceedsFromSaleOfLandHeldForUse contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">29128000</us-gaap:ProceedsFromSaleOfLandHeldForUse>
    <us-gaap:ProceedsFromSaleOfLandHeldForUse contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">108356000</us-gaap:ProceedsFromSaleOfLandHeldForUse>
    <us-gaap:ProceedsFromSaleOfRealEstateHeldforinvestment contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">4623000</us-gaap:ProceedsFromSaleOfRealEstateHeldforinvestment>
    <us-gaap:ProceedsFromSaleOfRealEstateHeldforinvestment contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">21850000</us-gaap:ProceedsFromSaleOfRealEstateHeldforinvestment>
    <us-gaap:ProceedsFromSaleOfRealEstateHeldforinvestment contextRef="From2015-01-01to2015-12-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsForProceedsFromProductiveAssets contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">37044000</us-gaap:PaymentsForProceedsFromProductiveAssets>
    <us-gaap:PaymentsForProceedsFromProductiveAssets contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">79736000</us-gaap:PaymentsForProceedsFromProductiveAssets>
    <us-gaap:PaymentsForProceedsFromProductiveAssets contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">207313000</us-gaap:PaymentsForProceedsFromProductiveAssets>
    <us-gaap:PaymentsToAcquireLand contextRef="From2017-01-01to2017-12-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsToAcquireLand contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">12508000</us-gaap:PaymentsToAcquireLand>
    <us-gaap:PaymentsToAcquireLand contextRef="From2015-01-01to2015-12-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsToAcquireNotesReceivable contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">15741000</us-gaap:PaymentsToAcquireNotesReceivable>
    <us-gaap:PaymentsToAcquireNotesReceivable contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">11703000</us-gaap:PaymentsToAcquireNotesReceivable>
    <us-gaap:PaymentsToAcquireNotesReceivable contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">18055000</us-gaap:PaymentsToAcquireNotesReceivable>
    <us-gaap:ProceedsFromCollectionOfNotesReceivable contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">30233000</us-gaap:ProceedsFromCollectionOfNotesReceivable>
    <us-gaap:ProceedsFromCollectionOfNotesReceivable contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">6532000</us-gaap:ProceedsFromCollectionOfNotesReceivable>
    <us-gaap:ProceedsFromCollectionOfNotesReceivable contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">14744000</us-gaap:ProceedsFromCollectionOfNotesReceivable>
    <us-gaap:ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">3021000</us-gaap:ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries>
    <us-gaap:ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries contextRef="From2015-01-01to2015-12-31" unitRef="USD" xsi:nil="true" />
    <us-gaap:PaymentsToAcquireAndDevelopRealEstate contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">76147000</us-gaap:PaymentsToAcquireAndDevelopRealEstate>
    <us-gaap:PaymentsToAcquireAndDevelopRealEstate contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">10941000</us-gaap:PaymentsToAcquireAndDevelopRealEstate>
    <us-gaap:PaymentsToAcquireAndDevelopRealEstate contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">16717000</us-gaap:PaymentsToAcquireAndDevelopRealEstate>
    <arl:IncreaseDecreaseDeferredFinancingCosts contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">3599000</arl:IncreaseDecreaseDeferredFinancingCosts>
    <arl:IncreaseDecreaseDeferredFinancingCosts contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">-841000</arl:IncreaseDecreaseDeferredFinancingCosts>
    <arl:IncreaseDecreaseDeferredFinancingCosts contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">6734000</arl:IncreaseDecreaseDeferredFinancingCosts>
    <us-gaap:ProceedsFromShortTermDebt contextRef="From2016-01-01to2016-12-31" unitRef="USD" xsi:nil="true" />
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text-align: center"&gt;Year&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; vertical-align: middle; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Amount&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 43%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2018&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 10%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13; 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font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;Thereafter&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;605,013&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13; 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    <us-gaap:ForeignCurrencyTransactionGainLossUnrealized contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">-4500000</us-gaap:ForeignCurrencyTransactionGainLossUnrealized>
    <arl:VotingInterestInJointVenture contextRef="AsOf2018-03-31_us-gaap_SubsequentEventMember_custom_JointVentureMember_us-gaap_SubsidiariesMember" unitRef="Pure" decimals="INF">0.50</arl:VotingInterestInJointVenture>
    <arl:VotingInterestInJointVenture contextRef="AsOf2018-03-31_us-gaap_SubsequentEventMember_custom_JointVentureMember_custom_MacquireMember" unitRef="Pure" decimals="INF">0.50</arl:VotingInterestInJointVenture>
    <arl:SeriesBondsPayableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellpadding="0" cellspacing="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 6.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;BONDS AND BONDS INTEREST PAYABLE&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In August 2016 Southern Properties Capital LTD (&amp;#x201C;Southern&amp;#x201D;), a British Virgin Islands corporation was incorporated for the purpose of raising funds by issuing Bonds to be traded on the Tel Aviv Stock Exchange (&amp;#x201C;TASE&amp;#x201D;). The Company transferred certain residential and commercial properties located in the United States to Southern, its wholly owned subsidiary. On February 13, 2017, Southern filed a final prospectus with the TASE for an offering and sale of nonconvertible Series A Bonds to be issued by Southern. The bonds are unsecured obligations of Southern. During 2017 on three separate occasions Southern issued nonconvertible Series A Bonds which in total amounted to approximately NIS400 million New Israeli Shekels (&amp;#x201C;NIS&amp;#x201D;) which converted to approximately $115 million dollars. The Series A Bonds have a stated interest rate of 7.3%. At December 31, 2017 the effective interest rate is 9.17%. The bonds require semi-annual equal installments on January 31 and July 31 of each year from 2019 to 2023 (inclusive). The interest will be repaid on January 31 and July 31 of each of the years 2018 to 2023 (inclusive), first payment commenced on July 31, 2017.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td colspan="8" style="font: 10pt Times New Roman, Times, Serif"&gt;a.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Consisting of the following:&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31,&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="width: 200px; font: 10pt Times New Roman, Times, Serif"&gt;Bonds (Series A)&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;115,336&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Less; deferred issuance expense, net&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,916&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Accrued Interest&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;3,629&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;113,049&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td colspan="9" style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                    &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;b.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Aggregate maturities are as follows:&lt;/font&gt;&#13;                &lt;/p&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31,&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2018&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2019&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2020&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2021&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2022&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Thereafter&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;115,335&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The funds were used principally for the acquisition and development of additional real estate operations in the United States. The funds were raised and will be repaid in NIS however the funds raised have been converted to US dollars. The Company records unrealized gains or losses each quarter based upon the relative exchange values of the US dollar and the NIS; however, no gain or loss will be realized until a conversion from US dollars to NIS actually occurs in the future. The recorded unrealized gain or loss is reflected as a separate line item to highlight the fact that it is a non-cash transaction until such time as actual payment of principal and interest on the bonds is made. For 2017 the Company reflected an unrealized foreign currency loss of $4.5 million related to debenture transactions.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</arl:SeriesBondsPayableTextBlock>
    <us-gaap:ScheduleOfDebtInstrumentsTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td colspan="8" style="font: 10pt Times New Roman, Times, Serif"&gt;a.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Consisting of the following:&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31,&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="width: 200px; font: 10pt Times New Roman, Times, Serif"&gt;Bonds (Series A)&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;115,336&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Less; deferred issuance expense, net&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,916&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td nowrap="nowrap" style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Accrued Interest&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;3,629&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;113,049&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
    <us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td colspan="9" style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;b.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Aggregate maturities are as follows:&lt;/font&gt;&#13;                &lt;/p&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31,&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2018&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2019&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2020&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2021&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;2022&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Thereafter&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;23,067&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;115,335&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">-8696000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">-2363000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
    <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">-2287000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic>
    <us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellpadding="0" cellspacing="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 12.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;DISCONTINUED OPERATIONS&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Effective January 1, 2015, the Company adopted the provisions of ASU 2014-08, which changed the criteria of ASC 360 related to determining which disposals qualify to be accounted for as discontinued operations and modified related reporting and disclosure requirements. Disposals representing a strategic shift in operations that have a major effect on a company&amp;#x2019;s operations and financial results will be presented as discontinued operations.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;There were no sales of income-producing properties during 2017 or 2016 that met the criteria for discontinued operations. Amounts included in discontinued operations represent the residual amounts from sales classified as discontinued operations prior to January 1, 2015. The following table summarizes revenue and expense information for the properties sold that qualified as discontinued operations (dollars in thousands): &lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;For the Years Ended December 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;Revenues:&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Rental and other property revenues&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"&gt;355&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;355&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;Expenses:&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Property operating expenses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(345)&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;General and administrative&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;99&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Total operating expenses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(246)&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;Other income (expense):&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Other income (expense)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;45&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Mortgage and loan interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(2&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Loan charges and prepayment penalties&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Litigation settlement&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Total other expenses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;43&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Loss from discontinued operations before gain on sale of real estate and taxes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(2)&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;644&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale of real estate from discontinued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;735&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit (expense)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;1&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(483)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income (loss) from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(1)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;896&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;</us-gaap:DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock>
    <us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table summarizes revenue and expense information for the properties sold that qualified as discontinued operations (dollars&#13;in thousands): &lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;For the Years Ended December 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;Revenues:&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Rental and other property revenues&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"&gt;355&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;355&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;Expenses:&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Property operating expenses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(345)&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Depreciation&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;General and administrative&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;99&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Total operating expenses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(246)&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;Other income (expense):&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Other income (expense)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;45&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Mortgage and loan interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(2&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Loan charges and prepayment penalties&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Litigation settlement&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Total other expenses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;43&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Loss from discontinued operations before gain on sale of real estate and taxes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(2)&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;644&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale of real estate from discontinued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13; 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           &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;735&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit (expense)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;1&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(483)&lt;/td&gt;&#13; 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    <us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 1.&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES&lt;/i&gt;&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0 0pt 55.05pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Organization and business.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The Company, a Nevada corporation that was formed in 1999, is headquartered in Dallas, Texas and its common stock trades on the New York Stock Exchange (&amp;#x201C;NYSE American&amp;#x201D;) under the symbol &amp;#x201C;ARL&amp;#x201D;. Over 80% of ARL&amp;#x2019;s stock is owned by related party entities. ARL and a subsidiary own approximately 77.68% of the outstanding shares of common stock of Transcontinental Realty Investors, Inc. &amp;#x201C;TCI&amp;#x201D;, a Nevada corporation, whose common stock is traded on the NYSE American under the symbol &amp;#x201C;TCI&amp;#x201D;.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;TCI, a subsidiary of ARL, owns approximately 81.25% of the common stock of Income Opportunity Realty Investors, Inc. &amp;#x201C;IOR&amp;#x201D;. Effective July 17, 2009, IOR&amp;#x2019;s financial results were consolidated with those of ARL and TCI and their subsidiaries. IOR&amp;#x2019;s common stock is traded on the New York Stock Exchange (&amp;#x201C;NYSE American&amp;#x201D;) under the symbol &amp;#x201C;IOR&amp;#x201D;.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;ARL&amp;#x2019;s Board of Directors are responsible for directing the overall affairs of ARL and for setting the strategic policies that guide the Company. As of April 30, 2011, the Board of Directors delegated the day-to-day management of the Company to Pillar Income Asset Management, Inc. (&amp;#x201C;Pillar&amp;#x201D;), a Nevada corporation, under a written Advisory Agreement that is reviewed annually by ARL&amp;#x2019;s Board of Directors. The directors of ARL are also directors of TCI and IOR. The Chairman of the Board of Directors of ARL also serves as the Chairman of the Board of Directors of TCI and IOR. The officers of ARL also serve as officers of TCI, IOR and Pillar.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Since April 30, 2011, Pillar, the sole shareholder of which is Realty Advisors, LLC, a Nevada limited liability company, the sole member of which is Realty Advisors, Inc. &amp;#x201C;RAI&amp;#x201D;, a Nevada corporation, the sole shareholder of which is May Realty Holdings, Inc. (&amp;#x201C;MRHI&amp;#x201D;, formerly known as Realty Advisors Management, Inc. &amp;#x201C;RAMI&amp;#x201D;, effective August 7, 2014), a Nevada corporation, the sole shareholder of which is a trust known as the May Trust, became the Company&amp;#x2019;s external Advisor and Cash Manager.&amp;#160; Pillar&amp;#x2019;s duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities. Pillar also arranges, for the Company&amp;#x2019;s benefit, debt and equity financing with third party lenders and investors. Pillar also serves as an Advisor and Cash Manager to TCI and IOR.&amp;#160; As the contractual advisor, Pillar is compensated by ARL under an Advisory Agreement that is more fully described in Part III, Item&amp;#160;10. &amp;#x201C;Directors, Executive Officers and Corporate Governance &amp;#x2013; The Advisor&amp;#x201D;.&amp;#160; ARL has no employees. Employees of Pillar render services to ARL in accordance with the terms of the Advisory Agreement.&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Regis Realty Prime, LLC, dba Regis Property Management, LLC (&amp;#x201C; Regis&amp;#x201D;), the sole member of which is Realty Advisors, LLC, manages our commercial and provides brokerage services. Regis receives property management fees and leasing commissions in accordance with the terms of its property-level management agreement. Regis is also entitled to receive real estate brokerage commissions in accordance with the terms of a non-exclusive brokerage agreement. See Part III, Item&amp;#160;10. &amp;#x201C;Directors, Executive Officers and Corporate Governance &amp;#x2013; Property Management and Real Estate Brokerage&amp;#x201D;. ARL engages third-party companies to lease and manage its apartment properties.&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;On January 1, 2012, the Company&amp;#x2019;s subsidiary, TCI, entered into a development agreement with Unified Housing Foundation, Inc. &amp;#x201C;UHF&amp;#x201D; a non-profit corporation that provides management services for the development of residential apartment projects in the future. This development agreement was terminated December 31, 2013. The Company has also invested in surplus cash notes receivables from UHF and has sold several residential apartment properties to UHF in prior years. Due to this ongoing relationship and the significant investment in the performance of the collateral secured under the notes receivable, UHF has been determined to be a related party.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Southern Properties Capital Ltd. a British Virgin Island corporation (&amp;#x201C;Southern&amp;#x201D;), is a wholly owned subsidiary of TCI that was incorporated on August 16, 2016 for the purpose of raising funds by issuing debentures that cannot be converted into shares on the Tel-Aviv Stock Exchange(&amp;#x201C;TASE&amp;#x201D;) . Southern operates in the United States and is primarily involved in investing in, developing, constructing and operating income-producing properties of multi-family residential real estate assets. Southern is included in the consolidated financial statements of TCI.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Our primary business is the acquisition,&#13;development and ownership of income-producing residential and commercial real estate properties. In addition, we opportunistically&#13;acquire land for future development in in-fill or high-growth suburban markets. From time to time and when we believe it appropriate&#13;to do so, we will also sell land and income-producing properties. We generate revenues by leasing apartment units to residents,&#13;and leasing office and retail space to various for-profit businesses as well as certain local, state and federal agencies. We&#13;also generate revenues from gains on sales of income-producing properties and land. At December 31, 2017, we owned fifty-one residential&#13;apartment communities comprising of 8,427 units, seven commercial properties comprising an aggregate of approximately 1.7 million&#13;rentable square feet, and an investment in 3,666 acres of undeveloped and partially developed land, and a golf course comprising&#13;approximately 96.1 acres.&amp;#160;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Basis of presentation&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;The Company presents its financial statements in accordance with generally accepted accounting principles in the United States (&amp;#x201C;GAAP&amp;#x201D;). The accompanying Consolidated Financial Statements include our accounts, our subsidiaries, generally all of which are wholly-owned, and all entities in which we have a controlling interest. Arrangements that are not controlled through voting or similar rights are accounted for as a Variable Interest Entity (VIE), in accordance with the provisions and guidance of ASC Topic 810 &amp;#x201C;Consolidation&amp;#x201D;, whereby we have determined that we are a primary beneficiary of the VIE and meet certain criteria of a sole general partner or managing member as identified in accordance with Emerging Issues Task Force (&amp;#x201C;EITF&amp;#x201D;) Issue 04-5, Investor&amp;#x2019;s Accounting for an Investment in a Limited Partnership when the Investor is the Sole General Partner and the Limited Partners have Certain Rights (&amp;#x201C;EITF 04-5&amp;#x201D;). VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders as a group lack adequate decision making ability, the obligation to absorb expected losses or residual returns of the entity, or have voting rights that are not proportional to their economic interests. The primary beneficiary generally is the entity that provides financial support and bears a majority of the financial risks, authorizes certain capital transactions, or makes operating decisions that materially affect the entity&amp;#x2019;s financial results. All significant intercompany balances and transactions have been eliminated in consolidation.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;In determining whether we are the primary beneficiary of a VIE, we consider qualitative and quantitative factors, including, but not limited to: the amount and characteristics of our investment; the obligation or likelihood for us or other investors to provide financial support; our and the other investors&amp;#x2019; ability to control or significantly influence key decisions for the VIE; and the similarity with and significance to the business activities of us and the other investors. Significant judgments related to these determinations include estimates about the current future fair values and performance of real estate held by these VIEs and general market conditions.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;For entities in which we have less than a controlling financial interest or entities where it is not deemed to be the primary beneficiary, the entities are accounted for using the equity method of accounting. Accordingly, our share of the net earnings or losses of these entities is included in consolidated net income. Our investment in Gruppa Florentina, LLC is accounted for under the equity method.&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The Company in accordance with the VIE guidance in ASC 810 &amp;#x201C;Consolidations&amp;#x201D; consolidates fifty-one and fifty multifamily residential properties located throughout the United States at December 31, 2017 and 2016, respectively, with total units of 8,427 and 8,226, respectively.&amp;#160; Assets totaling approximately&#13;        &lt;font style="background-color: white"&gt;$483.7&lt;/font&gt;&amp;#160;million&amp;#160;and approximately $442 million at December 31, 2017 and 2016, respectively,&amp;#160;were consolidated and included in &amp;#x201C;Real estate, at cost&amp;#x201D; on the balance sheet and are all collateral for their respective mortgage notes payable, none of which are recourse to the partnership in which they are in or to the Company.&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Real estate, depreciation, and impairment&lt;/i&gt;.&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;Real estate assets are stated at the lower of depreciated cost or fair value, if deemed impaired. Major replacements and betterments are capitalized and depreciated over their estimated useful lives. Depreciation is computed on a straight-line basis over the useful lives of the properties (buildings and improvements&amp;#x2014;10-40 years; furniture, fixtures and equipment&amp;#x2014;5-10 years). We continually evaluate the recoverability of the carrying value of its real estate assets using the methodology prescribed in ASC Topic 360, &amp;#x201C;Property, Plant and Equipment,&amp;#x201D; Factors considered by management in evaluating impairment of its existing real estate assets held for investment include significant declines in property operating profits, annually recurring property operating losses and other significant adverse changes in general market conditions that are considered permanent in nature. Under ASC Topic 360, a real estate asset held for investment is not considered impaired if the undiscounted, estimated future cash flows of an asset (both the annual estimated cash flow from future operations and the estimated cash flow from the theoretical sale of the asset) over its estimated holding period are in excess of the asset&amp;#x2019;s net book value at the balance sheet date. If any real estate asset held for investment is considered impaired, a loss is provided to reduce the carrying value of the asset to its estimated fair value.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Any properties that are treated as &amp;#x201C;subject to sales contract&amp;#x201D; on the Consolidated Balance Sheets and are listed in detail in Schedule III, &amp;#x201C;Real Estate and Accumulated Depreciation&amp;#x201D; are those in which we have not recognized the legal sale according to the guidance in ASC 360-20 due to various factors, disclosed in each sale transaction under Item 1 Significant Real Estate Acquisitions/Dispositions and Financing. Any sale transaction where the guidance reflects that a sale had not occurred, the asset involved in the transaction, including the debt and property operations, remained on the books of the Company. We continue to charge depreciation to expense as a period costs for the property until such time as the property has been classified as held for sale in accordance with guidance reflected in ASC 360-10-45 &amp;#x201C;Impairment or Disposal of Long-Lived Assets&amp;#x201D;.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Real estate held for sale&lt;/i&gt;&lt;/b&gt;.&lt;i&gt;&amp;#160;&amp;#160;&lt;/i&gt;We classify properties as held for sale when certain criteria are met in accordance with GAAP. At that time, we present the assets and obligations of the property held for sale separately in our consolidated balance sheet and we cease recording depreciation and amortization expense related to that property. Properties held for sale are reported at the lower of their carrying amount or their estimated fair value, less estimated costs to sell. We did not have any real estate assets classified as held for sale at December 31, 2017 or 2016.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Effective as of January 1, 2015, we&#13;adopted the revised guidance in Accounting Standards Update No.&amp;#160;2014-08 regarding discontinued operations. For sales of real&#13;estate or assets classified as held for sale after January 1, 2015, we will evaluate whether a disposal transaction meets the&#13;criteria of a strategic shift and will have a major effect on our operations and financial results to determine if the results&#13;of operations and gains on sale of real estate will be presented as part of our continuing operations or as discontinued operations&#13;in our consolidated statements of operations. If the disposal represents a strategic shift, it will be classified as discontinued&#13;operations for all periods presented; if not, it will be presented in continuing operations.&amp;#160;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Any properties that are treated as &amp;#x201C;subject to sales contract&amp;#x201D; on the Consolidated Balance Sheets and are listed in detail in Schedule III, &amp;#x201C;Real Estate and Accumulated Depreciation&amp;#x201D; are those in which we have not recognized the legal sale according to the guidance in ASC 360-20 due to various factors, disclosed in Item 1 &amp;#x201C;Significant Real Estate Acquisitions/Dispositions and Financing.&amp;#x201D; Any sale transaction where the guidance reflects that a sale had not occurred, the asset involved in the transaction, including the debt, if appropriate, and property operations, remained on the books of the Company. We continue to charge depreciation to expense as a period costs for the property until such time as the property has been classified as held for sale in accordance with guidance reflected in ASC 360-10-45 &amp;#x201C;Impairment or Disposal of Long-Lived Assets.&amp;#x201D;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Cost capitalization&lt;/i&gt;.&lt;/b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160; The cost of buildings and improvements includes the purchase price of property, legal fees and other acquisition costs. Costs directly related to planning, developing, initial leasing and constructing a property are capitalized and classified as Real Estate in the Consolidated Balance Sheets. Capitalized development costs include interest, property taxes, insurance, and other direct project costs incurred during the period of development.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;A variety of costs are incurred in the acquisition, development and leasing of properties. After determination is made to capitalize a cost, it is allocated to the specific component of a project that is benefited. Determination of when a development project is substantially complete and capitalization must cease involves a degree of judgment. Our capitalization policy on development properties is guided by ASC Topic 835-20 &amp;#x201C;Interest &amp;#x2013; Capitalization of Interest&amp;#x201D; and ASC Topic 970 &amp;#x201C;Real Estate - General&amp;#x201D;. The costs of land and buildings under development include specifically identifiable costs. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. We consider a construction project as substantially completed and held available for occupancy upon the receipt of certificates of occupancy, but no later than one year from cessation of major construction activity. We cease capitalization on the portion (1)&amp;#160;substantially completed and (2)&amp;#160;occupied or held available for occupancy, and we capitalize only those costs associated with the portion under construction.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;We capitalize leasing costs which include commissions paid to outside brokers, legal costs incurred to negotiate and document a lease agreement and any internal costs that may be applicable. We allocate these costs to individual tenant leases and amortize them over the related lease term.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Fair value measurement&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;We apply the guidance in ASC Topic 820, &amp;#x201C;Fair Value Measurements and Disclosures,&amp;#x201D; to the valuation of real estate assets. These provisions define fair value as the price that would be received to sell an asset or paid to transfer a liability in a transaction between market participants at the measurement date, establish a hierarchy that prioritizes the information used in developing fair value estimates and require disclosure of fair value measurements by level within the fair value hierarchy. The hierarchy gives the highest priority to quoted prices in active markets (Level 1 measurements) and the lowest priority to unobservable data (Level 3 measurements), such as the reporting entity&amp;#x2019;s own data.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date and includes three levels defined as follows:&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 10%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Level&amp;#160; 1 &lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 2%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 88%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unadjusted quoted prices for identical and unrestricted assets or liabilities in active markets.&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Level&amp;#160; 2 &lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Level&amp;#160; 3&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unobservable inputs that are significant to the fair value measurement.&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;A financial instrument&amp;#x2019;s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Related parties&lt;/i&gt;.&amp;#160; &lt;/b&gt;We apply ASC Topic 805, &amp;#x201C;Business Combinations&amp;#x201D;, to evaluate business relationships. Related parties are persons or entities who have one or more of the following characteristics, which include entities for which investments in their equity securities would be required, trust for the benefit of persons including principal owners of the entities and members of their immediate families, management personnel 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 decision making of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests, or affiliates of the entity.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Recognition of revenue.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;Our&#13;revenues, which are composed largely of rental income, include rents reported on a straight-line basis over the lease term. In&#13;accordance with ASC 805 &amp;#x201C;Business Combinations&amp;#x201D;, we recognize rental revenue of acquired in-place &amp;#x201C;above-&amp;#x201D;&#13;and &amp;#x201C;below-market&amp;#x201D; leases at their fair values over the terms of the respective leases.&amp;#160;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Reimbursements of operating costs, as allowed under most of our commercial tenant leases, consist of amounts due from tenants for common area maintenance, real estate taxes and other recoverable costs, and are recognized as revenue in the period in which the recoverable expenses are incurred. We record these reimbursements on a &amp;#x201C;gross&amp;#x201D; basis, since we generally are the primary obligor with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier and have the credit risk with respect to paying the supplier.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Rental income for residential property leases is recorded when due from residents and is recognized monthly as earned, which is not materially different than on a straight-line basis as lease terms are generally for periods of one year or less. For hotel properties, revenues for room sales and guest services are recognized as rooms occupied and services rendered. An allowance for doubtful accounts is recorded for all past due rents and operating expense reimbursements considered to be uncollectible.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Sales and the associated gains or losses of real estate assets are recognized in accordance with the provisions of ASC Topic 360-20, &amp;#x201C;Property, Plant and Equipment &amp;#x2013; Real Estate Sale&amp;#x201D;. The specific timing of a sale is measured against various criteria in ASC 360-20 related to the terms of the transaction and any continuing involvement in the form of management or financial assistance associated with the properties. If the sales criteria for the full accrual method are not met, the Company defers some or all of the gain recognition and accounts for the continued operations of the property by applying the finance, leasing, deposit, installment or cost recovery methods, as appropriate, until the sales criteria are met.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Foreign currency translation&lt;/i&gt;&lt;/b&gt;&lt;i&gt;. &amp;#160; &lt;/i&gt;Foreign currency denominated assets and liabilities of subsidiaries with local functional currencies are translated to United States dollars at year-end exchange rates. The effects of translation are recorded in the cumulative translation component of shareholders&amp;#x2019; equity. Subsidiaries with a United States dollar functional currency re-measure monetary assets and liabilities at year-end exchange rates and non-monetary assets and liabilities at historical exchange rates. The effects of re-measurement are included in income. Exchange gains and losses arising from transactions denominated in foreign currencies are translated at average exchange rates.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Non-performing notes receivable.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&lt;/i&gt;ARL considers a note receivable to be non-performing when the maturity date has passed without principal repayment and the borrower is not making interest payments in accordance with the terms of the agreement.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Interest recognition on notes receivable.&amp;#160; &lt;/i&gt;&lt;/b&gt;We record interest income as earned in accordance with the terms of the related loan agreements.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Allowance for estimated losses&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&amp;#160;&amp;#160;&lt;/i&gt;We assess the collectability of notes receivable on a periodic basis, of which the assessment consists primarily of an evaluation of cash flow projections of the borrower to determine whether estimated cash flows are sufficient to repay principal and interest in accordance with the contractual terms of the note. We recognize impairments on notes receivable when it is probable that principal and interest will not be received in accordance with the contractual terms of the loan. The amount of the impairment to be recognized generally is based on the fair value of the partnership&amp;#x2019;s real estate that represents the primary source of loan repayment. See Note 3 &amp;#x201C;Notes and Interest Receivable&amp;#x201D; for details on our notes receivable.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Cash equivalents&lt;/i&gt;&lt;/b&gt;&lt;i&gt;. &amp;#160; &lt;/i&gt;For purposes of the Consolidated Statements of Cash Flows, all highly liquid investments purchased with an original maturity of three months or less are considered to be cash equivalents.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;em&gt;&lt;strong&gt;Restricted cash.&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/em&gt;Restricted cash is comprised primarily of cash balances held in escrow by financial institutions under the terms of certain secured notes payable and certain unsecured bonds payable.&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Concentration of credit risk&lt;/i&gt;&lt;/b&gt;&lt;i&gt;. &lt;/i&gt;The Company maintains its cash balances at commercial banks and through investment companies, the deposits of which are insured by the Federal Deposit Insurance Corporation (FDIC). At December 31, 2017 and 2016, the Company maintained balances in excess of the insured amount.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Earnings per share&lt;/i&gt;&lt;/b&gt;&lt;i&gt;. &amp;#160; &lt;/i&gt;Income (loss) per share is presented in accordance with ASC 620 &amp;#x201C;Earnings per Share&amp;#x201D;. Income (loss) per share is computed based upon the weighted average number of shares of common stock outstanding during each year.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Use of estimates.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;In the preparation of Consolidated Financial Statements in conformity with GAAP, it is necessary for management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expense for the year ended. Actual results could differ from those estimates.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Income taxes.&lt;/i&gt;&lt;/b&gt;&lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;The&#13;Company is a &amp;#x201C;C&amp;#x201D; corporation for U.S. federal income tax purposes. For tax periods ending before August 31, 2012,&#13;the Company filed an annual consolidated income tax return with TCI and IOR and their subsidiaries. ARL was the common parent&#13;for the consolidated group. After that date, the Company and the rest of the ARL group joined the MRHI consolidated group for&#13;tax purposes. The income tax expense (benefit) for the 2012 tax period in the accompanying financial statement was calculated&#13;under a tax sharing and compensating agreement between ARL, TCI and IOR. That agreement continued until August 31, 2012, at which&#13;time a new tax sharing and compensating agreement was entered into by ARL, TCI, IOR and MRHI for the remainder of 2012 and subsequent&#13;years. The agreement specifies the manner in which the group will share the consolidated tax liability and also how certain tax&#13;attributes are to be treated among members of the group.&amp;#160;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Recent accounting pronouncements&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&lt;/i&gt;&amp;#160;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;In May 2014, Accounting Standards Update (&amp;#x201C;ASU&amp;#x201D;) No. 2014-09 (&amp;#x201C;ASU 2014-09&amp;#x201D;), &amp;#x201C;Revenue from Contracts with Customers,&amp;#x201D; was issued. This new guidance established a new single comprehensive revenue recognition model and provides for enhanced disclosures. Under the new policy, the nature, timing and amount of revenue recognized for certain transactions could differ from those recognized under existing accounting guidance. This new standard does not affect revenue recognized under lease contracts. ASU 2014-09 is effective for reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact the adoption of this guidance has on its financial position and results of operations, if any.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;In February 2016, Accounting Standards Update No. 2016-02 (&amp;#x201C;ASU 2016-02&amp;#x201D;), &amp;#x201C;Leases&amp;#x201D; was issued. This new guidance establishes a new model for accounting for leases and provides for enhanced disclosures. ASU 2016-02 is effective for reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this guidance, if any, on its financial position and results of operations.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;</us-gaap:OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock>
    <us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Basis of presentation&lt;/i&gt;&lt;/b&gt;&lt;i&gt;.&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/i&gt;The Company presents its financial statements in accordance with generally accepted accounting principles in the United States (&amp;#x201C;GAAP&amp;#x201D;). The accompanying Consolidated Financial Statements include our accounts, our subsidiaries, generally all of which are wholly-owned, and all entities in which we have a controlling interest. Arrangements that are not controlled through voting or similar rights are accounted for as a Variable Interest Entity (VIE), in accordance with the provisions and guidance of ASC Topic 810 &amp;#x201C;Consolidation&amp;#x201D;, whereby we have determined that we are a primary beneficiary of the VIE and meet certain criteria of a sole general partner or managing member as identified in accordance with Emerging Issues Task Force (&amp;#x201C;EITF&amp;#x201D;) Issue 04-5, Investor&amp;#x2019;s Accounting for an Investment in a Limited Partnership when the Investor is the Sole General Partner and the Limited Partners have Certain Rights (&amp;#x201C;EITF 04-5&amp;#x201D;). VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders as a group lack adequate decision making ability, the obligation to absorb expected losses or residual returns of the entity, or have voting rights that are not proportional to their economic interests. The primary beneficiary generally is the entity that provides financial support and bears a majority of the financial risks, authorizes certain capital transactions, or makes operating decisions that materially affect the entity&amp;#x2019;s financial results. All significant intercompany balances and transactions have been eliminated in consolidation.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;In determining whether we are the primary beneficiary of a VIE, we consider qualitative and quantitative factors, including, but not limited to: the amount and characteristics of our investment; the obligation or likelihood for us or other investors to provide financial support; our and the other investors&amp;#x2019; ability to control or significantly influence key decisions for the VIE; and the similarity with and significance to the business activities of us and the other investors. Significant judgments related to these determinations include estimates about the current future fair values and performance of real estate held by these VIEs and general market conditions.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;For entities in which we have less than a controlling financial interest or entities where it is not deemed to be the primary beneficiary, the entities are accounted for using the equity method of accounting. Accordingly, our share of the net earnings or losses of these entities is included in consolidated net income. Our investment in Gruppa Florentina, LLC is accounted for under the equity method.&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The Company in accordance with the VIE guidance in ASC 810 &amp;#x201C;Consolidations&amp;#x201D; consolidates fifty-one and fifty multifamily residential properties located throughout the United States at December 31, 2017 and 2016, respectively, with total units of 8,427 and 8,226, respectively.&amp;#160; Assets totaling approximately&#13;        &lt;font style="background-color: white"&gt;$483.7&lt;/font&gt;&amp;#160;million&amp;#160;and approximately $442 million at December 31, 2017 and 2016, respectively,&amp;#160;were consolidated and included in &amp;#x201C;Real estate, at cost&amp;#x201D; on the balance sheet and are all collateral for their respective mortgage notes payable, none of which are recourse to the partnership in which they are in or to the Company.&amp;#160;&lt;/p&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
    <us-gaap:CashAndCashEquivalentsPolicyTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Cash equivalents&lt;/i&gt;&lt;/b&gt;&lt;i&gt;. &amp;#160; &lt;/i&gt;For purposes of the Consolidated Statements of Cash Flows, all highly liquid investments purchased with an original maturity of three months or less are considered to be cash equivalents.&lt;/p&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
    <us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;em&gt;&lt;strong&gt;Restricted cash.&amp;#160;&amp;#160;&lt;/strong&gt;&lt;/em&gt;Restricted cash is comprised primarily of cash balances held in escrow by financial institutions under the terms of certain secured notes payable and certain unsecured bonds payable.&amp;#160;&lt;/p&gt;</us-gaap:CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy>
    <us-gaap:RealEstateDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 2.&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;REAL ESTATE&lt;/i&gt;&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0 0pt 55.05pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;A summary of our real estate owned as of the end of the year is listed below (dollars in thousands):&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 54%; font: 10pt Times New Roman, Times, Serif"&gt;Apartments&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;733,620&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;694,351&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Apartments under construction&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;105,451&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;25,288&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Commercial properties&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;200,797&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;218,857&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Land held for development&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;77,560&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;79,188&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Real estate held for sale&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Real estate subject to sales contract&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;48,234&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;48,919&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Total real estate, at cost, less impairment&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,165,663&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,066,603&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Less accumulated deprecation&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(177,546&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(165,597&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;Total real estate, net of depreciation&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;988,117&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;901,006&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: center; text-indent: 24.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Expenditures for repairs and maintenance are charged to operations as incurred. Significant betterments are capitalized. When assets are sold or retired, their costs and related accumulated depreciation are removed from the accounts with the resulting gains or losses reflected in net income or loss for the period.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Depreciation is computed on a straight line basis over the estimated useful lives of the assets as follows:&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.5in; padding-top: 6pt; width: 50%; vertical-align: top; text-align: justify; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Land improvements &lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-left: 0.5in; padding-top: 6pt; width: 50%; vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;25 to 40 years&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: top; text-align: justify; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Buildings and improvements &lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;10 to 40 years&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: top; text-align: justify; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Tenant improvements &lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Shorter of useful life or terms of related lease&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: top; text-align: justify; text-indent: -12pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Furniture, fixtures and equipment &lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-left: 0.5in; padding-top: 6pt; vertical-align: bottom; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;3 to 7 years&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;Fair Value Measurement&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The Company applies the guidance in&#13;ASC Topic 820, &amp;#x201C;Fair Value Measurements and Disclosures,&amp;#x201D; to the valuation of real estate assets. &lt;font style="color: #252525"&gt;The&#13;Company is required to assess the fair value of its consolidated real estate assets with indicators of impairment. The value of&#13;impaired real estate assets is determined using widely accepted valuation techniques, including discounted cash flow analyses&#13;on the expected cash flow of each asset, as well as the income capitalization approach, which considers prevailing market capitalization&#13;rates, analyses of recent comparable sales transactions, information from actual sales negotiations and bona fide purchase offers&#13;received from third parties. The methods used to measure fair value may produce an amount that may not be indicative of net realizable&#13;value or reflective of future values. Furthermore, although the Company believes its valuation methods are appropriate and consistent&#13;with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial&#13;instruments could result in a different fair value measurement at the reporting date. &amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The fair value measurements used in these evaluations are considered to be Level 2 and 3 valuations within the fair value hierarchy in the accounting rules, as there are significant observable (Level 2) and unobservable inputs (Level 3). Examples of Level 2 inputs the Company utilizes in its fair value calculations are appraisals and bona fide purchase offers from third parties. Examples of Level 3 inputs the Company utilizes in its fair value calculations are discount rates, market capitalization rates, expected lease rental rates, timing of new leases, an estimate of future sales prices and comparable sales prices of similar assets, if available.&lt;/p&gt;&#13;    &lt;p style="color: #252525; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td colspan="3" style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;Fair Value Measurements Using (dollars in thousands):&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31, 2015&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;Fair Value&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;Level 1&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;Level 2&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;Level 3&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 18%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Commercial&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 17%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,000&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 17%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 17%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 17%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,000&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;The highlights of our significant real estate transactions for the year ended December 31, 2017, are discussed below.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&lt;b&gt;&lt;i&gt;Purchases &lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;During the year ended December 31, 2017, the Company acquired one income-producing apartment properties from a third party in the state of North Carolina increasing the total number of units by 201, for a combined purchase price of $79.7 million. In addition, we acquired one land parcel for future development for a total purchase price of $5.4 million, adding 36.3 acres to the development portfolio.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&lt;b&gt;&lt;i&gt;Sales&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;&#13;&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;As of December 31, 2017, subsidiaries hold approximately 91 acres of land, at various locations that were sold to related parties in multiple transactions. These transactions are treated as &amp;#x201C;subject to sales contract&amp;#x201D; on the Consolidated Balance Sheets. Due to the related party nature of the transactions, we deferred the recording of the sales in accordance with ASC 360-20.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;We continue to invest in the development of apartment projects. During the year ended December 31, 2017, we have expended $69.8 million related to the construction or predevelopment of various apartment complexes and capitalized $2.4 million of interest costs.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;</us-gaap:RealEstateDisclosureTextBlock>
    <us-gaap:RealEstateInvestmentFinancialStatementsDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;A summary of our real estate owned as of the end of the year is listed below (dollars in thousands):&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 80%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 54%; font: 10pt Times New Roman, Times, Serif"&gt;Apartments&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;733,620&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;694,351&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Apartments under construction&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;105,451&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;25,288&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Commercial properties&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;200,797&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;218,857&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Land held for development&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;77,560&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;79,188&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Real estate held for sale&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Real estate subject to sales contract&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;48,234&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;48,919&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Total real estate, at cost, less impairment&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,165,663&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,066,603&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Less accumulated deprecation&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(177,546&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(165,597&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;Total real estate, net of depreciation&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;988,117&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;901,006&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;</us-gaap:RealEstateInvestmentFinancialStatementsDisclosureTextBlock>
    <us-gaap:FinancingReceivablesTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE&amp;#160;3. &lt;i&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;NOTES AND INTEREST RECEIVABLE&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;A portion of our assets are invested in mortgage notes receivable, principally secured by real estate. We may originate mortgage loans in conjunction with providing purchase money financing of property sales. Notes receivable are generally collateralized by real estate or interests in real estate and personal guarantees of the borrower and, unless noted otherwise, are so secured. Management intends to service and hold for investment the mortgage notes in our portfolio. A majority of the notes receivable provide for principal to be paid at maturity (dollars in thousands).&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Borrower&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Maturity Date&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Interest Rate&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Amount&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Security&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; width: 46%; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Performing loans:&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 8%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;H198, LLC (Las Vegas Land)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;01 /20&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,907&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Leman Development, Ltd &lt;sup&gt;(2)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;N/A&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,500&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Oulan-Chikh Family Trust&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;03 /21&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;8.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;174&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Cliffs of El Dorado) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Echo Station) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,481&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Inwood on the Park) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,639&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Kensington Park) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,933&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc.&amp;#160;&amp;#160;(Lakeshore Villas) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,000&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc.&amp;#160;&amp;#160;(Lakeshore Villas) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;9,101&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Limestone Canyon) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Limestone Canyon) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Limestone Ranch) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,953&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Limestone Ranch) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;6,000&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Parkside Crossing) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,485&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,555&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Sendero Ridge) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Sendero Ridge) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Timbers of Terrell) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,323&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Tivoli) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;7,965&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Trails at White Rock) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,815&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /17&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /18&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,994&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /18&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;6,407&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;06 /20&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,760&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /16&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;06 /19&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Other related party notes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,349&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various secured interests&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Other related party notes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;465&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various unsecured interests&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Other non-related party notes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,466&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various secured interests&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Other non-related party notes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,252&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various unsecured interests&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Accrued interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;7,249&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif"&gt;Total Performing&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;97,775&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif"&gt;Non- Performing&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;One Realco Corporation&amp;#160;&lt;sup&gt;(1,2)&lt;/sup&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;01/17&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3.00%&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;7,000&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Unsecured&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Realty Advisors Management, Inc.&amp;#160;&lt;sup&gt;(1)&lt;/sup&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/16&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2.28%&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;20,387&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Unsecured&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Accrued Interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,703&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Total Non-Performing&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;30,090&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Unsecured&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Allowance for estimated losses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(15,770&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif"&gt;Total&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;112,095&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="width: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(1)&lt;/sup&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Related party notes&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="width: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(2)&lt;/sup&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;An allowance was taken for estimated losses at full value of note.&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="background-color: white"&gt;As of December 31, 2017, the obligors on $118.4 million or 88.2% of the mortgage notes receivable portfolio were due from related parties. The Company recognized $12.4 million of interest income from these related party notes receivables.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;As of December 31, 2017 none of the mortgage notes receivable portfolio were non-performing.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The Company has various notes receivable from Unified Housing Foundation, Inc. &amp;#x201C;UHF&amp;#x201D;. UHF is determined to be a related party due to our significant investment in the performance of the collateral secured under the notes receivable. Payments are due from surplus cash flow from operations, sale or refinancing of the underlying properties. These notes are cross collateralized to the extent that any surplus cash available from any of the properties underlying these notes will be used to repay outstanding interest and principal for the remaining notes. Furthermore, any surplus cash available from any of the properties UHF owns, besides the properties underlying these notes, can be used to repay outstanding interest and principal for these notes. The allowance on the notes was a purchase allowance that was netted against the notes when acquired.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;</us-gaap:FinancingReceivablesTextBlock>
    <us-gaap:DebtDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 5.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;NOTES AND INTEREST PAYABLE&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Below is a summary of our notes and interest payable as of December 31, 2017 (dollars in thousands):&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 60%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Notes Payable&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Accrued Interest&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Total Debt&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 46%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Apartments&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;566,576&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,585&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;568,161&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Apartments under Construction&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;78,683&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;113&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;78,796&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Commercial&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;126,955&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;622&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;127,577&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Land&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;22,888&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;203&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,091&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Real estate subject to sales contract&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,449&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;508&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,957&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Mezzanine financing&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;110,172&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;453&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;110,625&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;10,013&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;101&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;10,114&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;Total&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;916,736&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;3,585&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;920,321&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Unamortized deferred borrowing costs&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(19,237&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(19,237&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;897,499&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;3,585&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;901,084&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The following table summarizes our contractual obligations for principal payments as of December 31, 2017 (dollars in thousands):&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Year&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; vertical-align: middle; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Amount&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 43%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2018&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 10%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 43%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;86,323&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2019&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;101,134&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2020&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;64,255&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2021&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;48,806&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2022&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;11,204&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;Thereafter&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;605,013&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;Total&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;916,736&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160; &amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest payable at December 31, 2017, was $2.6 million. Interest accrues at rates ranging from 2.5% to 12.0%&amp;#160;per annum, and mature between 2018 and 2055. The mortgages were collateralized by deeds of trust on real estate having a net carrying value of $901 million.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;During the year, the Company refinanced or modified five loans with a total principal balance of $78.9 million. The refinancing resulted in lower interest rates and the extension of the term of the loan.&amp;#160; The modifications resulted in lower interest rates.&amp;#160; The transactions provide for lower monthly payments over the term of the loans.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;There are various land mortgages, secured by the property, that are in the process of a modification or extension to the original note due to expiration of the loan. We are in constant contact with these lenders, working together in order to modify the terms of these loans and we anticipate a timely resolution that is similar to the existing agreement or subsequent modification. &lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In conjunction with the development of various apartment projects and other developments, we drew down $13 million in construction loans during the year ended December 31, 2017.&lt;/font&gt;&lt;/p&gt;</us-gaap:DebtDisclosureTextBlock>
    <us-gaap:ScheduleOfDebtTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Below is a summary of our notes and interest payable as of December 31, 2017 (dollars in thousands):&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 60%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Notes Payable&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Accrued Interest&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Total Debt&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 46%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Apartments&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;566,576&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,585&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;568,161&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Apartments under Construction&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;78,683&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;113&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;78,796&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Commercial&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;126,955&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;622&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;127,577&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Land&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;22,888&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;203&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;23,091&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Real estate subject to sales contract&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,449&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;508&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,957&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Mezzanine financing&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;110,172&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;453&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;110,625&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;10,013&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;101&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;10,114&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;Total&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;916,736&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;3,585&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;920,321&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Unamortized deferred borrowing costs&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(19,237&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(19,237&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;897,499&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;3,585&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;901,084&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</us-gaap:ScheduleOfDebtTableTextBlock>
    <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 7.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;RELATED PARTY TRANSACTIONS AND FEES&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0 0pt 55.1pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;We apply ASC Topic 805, &amp;#x201C;Business Combinations,&amp;#x201D; to evaluate business relationships. Related parties are persons or entities who have one or more of the following characteristics, which include entities for which investments in their equity securities would be required, trust for the benefit of persons including principal owners of the entities and members of their immediate families, management personnel 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 decision making of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests, or affiliates of the entity.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Company has historically engaged in and may continue to engage in certain business transactions with related parties, including but not limited to asset acquisition and dispositions. Transactions involving related parties cannot be presumed to be carried out on an arm&amp;#x2019;s length basis due to the absence of free market forces that naturally exist in business dealings between two or more unrelated entities. Related party transactions may not always be favorable to our business and may include terms, conditions and agreements that are not necessarily beneficial to or in our best interest.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Since April 30, 2011, Pillar, the sole shareholder of which is Realty Advisors, LLC, a Nevada limited liability company, the sole member of which is RAI, a Nevada corporation, the sole shareholder of which is MRHI, a Nevada corporation, the sole shareholder of which is a trust known as the May Trust, became the Company&amp;#x2019;s external Advisor and Cash Manager.&amp;#160; Pillar&amp;#x2019;s duties include, but are not limited to, locating, evaluating and recommending real estate and real estate-related investment opportunities. Pillar also arranges, for the Company&amp;#x2019;s benefit, debt and equity financing with third party lenders and investors. Pillar also serves as an Advisor and Cash Manager to TCI and IOR.&amp;#160; As the contractual advisor, Pillar is compensated by ARL under an Advisory Agreement that is more fully described in Part III, Item&amp;#160;10. &amp;#x201C;Directors, Executive Officers and Corporate Governance &amp;#x2013; The Advisor.&amp;#x201D;&amp;#160; ARL has no employees. Employees of Pillar render services to ARL in accordance with the terms of the Advisory Agreement.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Regis Realty Prime, LLC, dba Regis Property Management, LLC (&amp;#x201C;Regis&amp;#x201D;), the sole member of which is Realty Advisors, LLC, manages our commercial properties and provides brokerage services. Regis receives property management fees and leasing commissions in accordance with the terms of its property-level management agreement. Regis is also entitled to receive real estate brokerage commissions in accordance with the terms of a non-exclusive brokerage agreement. See Part III, Item&amp;#160;10. &amp;#x201C;Directors, Executive Officers and Corporate Governance &amp;#x2013; Property Management and Real Estate Brokerage.&amp;#x201D; &amp;#160;ARL engages third-party companies to lease and manage its apartment properties.&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Below is a description of the related party transactions and fees between Pillar and Regis:&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0; text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees, expenses, and revenue paid to and/or received from our advisor:&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="margin-left: 0.25in; width: 97%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="10" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees:&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 10pt; width: 61%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advisory&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,082&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,918&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;9,775&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Mortgage brokerage and equity refinancing&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,712&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;775&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,612&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;250&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;257&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;492&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Property acquisition and sales&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;921&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,044&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,950&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,800&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other Expense:&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost reimbursements&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,240&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,826&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,675&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest paid (received)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,195&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,144&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,234&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,045&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,682&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,441&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Revenue:&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; padding-left: 10pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Rental&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;783&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;708&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;726&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees paid to Regis and related parties:&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="margin-left: 0.25in; width: 97%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;2015&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="9" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 61%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees:&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Property acquisition&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;9,128&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,775&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,932&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Property management, construction management and leasing commissions&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;963&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;888&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;717&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Real estate brokerage&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,369&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;787&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,105&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;11,460&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,450&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,754&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: justify; text-indent: 24.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Company received rental revenue of $0.7 million in each of the three years ended December 31, 2017 from Pillar and its related parties for properties owned by the Company.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As of December 31, 2017, the Company had notes and interest receivables, net of allowances, of $62.4 million and $4.3 million, respectively, due from UHF, a related party. See Part 2, Item 8. Note 3. &amp;#x201C;Notes and Interest Receivable.&amp;#x201D; During the current period, the Company recognized interest income of $9.0 million, originated $5.7 million, received principal payments of $30.4 million and received interest payments of $10.2 million from these related party notes receivables.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On&#13;January 1, 2012, the Company&amp;#x2019;s subsidiary, TCI, entered into a development agreement with UHF, a non-profit corporation&#13;that provides management services for the development of residential apartment projects in the future. This development agreement&#13;was terminated December 31, 2013. The Company has also invested in surplus cash notes receivables from UHF and has sold several&#13;residential apartment properties to UHF in prior years. Due to this ongoing relationship and the significant investment in the&#13;performance of the collateral secured under the notes receivable, UHF has been determined to be a related party.&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Company is the primary guarantor, on a $39.1 million mezzanine loan between UHF and a lender. In addition, ARL, and an officer of the Company are limited recourse guarantors of the loan. As of December 31, 2017, UHF was in compliance with the covenants to the loan agreement.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Company is part of a tax sharing and compensating agreement with respect to federal income taxes between ARL, TCI and IOR and their subsidiaries that was entered into in July of 2009. The expense (benefit) in each year was calculated based on the amount of losses absorbed by taxable income multiplied by the maximum statutory tax rate of 35%.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties&#13;as of December 31, 2017 (dollars in thousands):&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Pillar&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0in; width: 37%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Related party receivable, December 31, 2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;24,672&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash transfers&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;56,635&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advisory fees&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(11,082&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income fee&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(250&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost reimbursements&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,240&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,196&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Notes receivable purchased&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(447&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees and commissions&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,082&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expenses paid by Advisor&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(579&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financing (mortgage payments)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(17,313&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Sales/purchases transactions&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(9,818&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Tax sharing&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,619&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Related party receivable, December 31, 2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;38,311&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;As of December 31, 2017, subsidiaries hold approximately 66.7 acres of land, at various locations that were sold to related parties in multiple transactions. These transactions are treated as &amp;#x201C;subject to sales contract&amp;#x201D; on the Consolidated Balance Sheets. Due to the related party nature of the transactions TCI has deferred the recording of the sales in accordance with ASC 360-20.&lt;/font&gt;&lt;/p&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
    <arl:ScheduleOfRelatedPartyTransactions1TableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The&#13;following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties&#13;as of December 31, 2017 (dollars in thousands):&lt;/font&gt;&lt;/p&gt;&#13;&#13;&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Pillar&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0in; width: 37%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Related party receivable, December 31, 2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;24,672&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cash transfers&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;56,635&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advisory fees&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(11,082&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income fee&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(250&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost reimbursements&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,240&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,196&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Notes receivable purchased&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(447&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Fees and commissions&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,082&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Expenses paid by Advisor&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(579&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Financing (mortgage payments)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(17,313&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Sales/purchases transactions&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(9,818&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Tax sharing&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,619&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Related party receivable, December 31, 2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;38,311&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;</arl:ScheduleOfRelatedPartyTransactions1TableTextBlock>
    <arl:DividendsTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 8.&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;DIVIDENDS&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;ARL&amp;#x2019;s Board of Directors established a policy that dividend declarations on common stock would be determined on an annual basis following the end of each year. In accordance with that policy, no dividends on ARL&amp;#x2019;s common stock were declared for 2017, 2016, or 2015. Future distributions to common stockholders will be determined by the Board of Directors in light of conditions then existing, including the Company&amp;#x2019;s financial condition and requirements, future prospects, restrictions in financing agreements, business conditions and other factors deemed relevant by the Board. On January 12, 2018 Realty Advisors converted 200,000 preferred shares plus accrued dividends into 482,716 shares of common stock.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</arl:DividendsTextBlock>
    <us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 9.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;INCOME TAXES&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0 0pt 12.25pt; text-align: justify; text-indent: -12.25pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. We record uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;For financial reporting purposes, income before income taxes were:&amp;#160;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="5" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;Years Ended December 31&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="5" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;(in thousands)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 28%; font: bold 10pt Times New Roman, Times, Serif"&gt;TOTAL&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 21%; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;($8,696)&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 21%; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;($2,365)&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 21%; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;($2,287)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0 0 8pt; font: 10pt/normal Times New Roman, Times, Serif"&gt;The expense (benefit) for income taxes consists of:&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160; &amp;#160;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="11" style="text-align: center"&gt;Years Ended December 31&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-weight: bold; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"&gt;2017&lt;/td&gt;&lt;td style="font-weight: bold; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"&gt;2016&lt;/td&gt;&lt;td style="font-weight: bold; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"&gt;2015&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="11" style="text-align: center"&gt;(in thousands)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;Current:&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt;&#13;    &lt;td style="width: 46%"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Federal&lt;/td&gt;&lt;td style="width: 5%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; text-align: right"&gt;(3,044&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;)&lt;/td&gt;&lt;td style="width: 5%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 5%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;State&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;10&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="text-align: left"&gt;Deferred and other:&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Federal&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;3,044&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;(45&lt;/td&gt;&lt;td style="text-align: left"&gt;)&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;(1,000&lt;/td&gt;&lt;td style="text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;State&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;170&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-weight: bold; text-align: left"&gt;Total Tax Expense&lt;/td&gt;&lt;td style="font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: left"&gt;$&lt;/td&gt;&lt;td style="font-weight: bold; text-align: right"&gt;180&lt;/td&gt;&lt;td style="font-weight: bold; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: left"&gt;$&lt;/td&gt;&lt;td style="font-weight: bold; text-align: right"&gt;(45&lt;/td&gt;&lt;td style="font-weight: bold; text-align: left"&gt;)&lt;/td&gt;&lt;td style="font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: left"&gt;$&lt;/td&gt;&lt;td style="font-weight: bold; text-align: right"&gt;(1,000&lt;/td&gt;&lt;td style="font-weight: bold; text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;    &lt;p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0 0 8pt; font: 10pt/normal Times New Roman, Times, Serif"&gt;The reconciliation between the Company&amp;#x2019;s effective tax rate on income from continuing operations and the statutory rate is as follows:&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="11" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;Years Ended December 31&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="11" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;(in thousands)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 52%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income tax expense (benefit) at federal statutory rate&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(3,044&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(827&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,283&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;State and local income taxes net of federal tax benefit&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;180&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Repricing of deferred assets due to change in future rates&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(28,663&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Change in valuation allowance&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,707&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;873&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,800&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Reported income tax (benefit) expense&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;180&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;46&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;517&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Effective Tax Rate&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;0.7&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;N/A&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;N/A&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif"&gt;The company is subject to taxation in the United States and various states and foreign jurisdictions. As of December 31, 2017, the Company&amp;#x2019;s tax years for 2016, 2015, and 2014 are subject to examination by the tax authorities. With few exceptions, as of December 31, 2017, the Company is no longer subject to U.S federal, state, local, or foreign examinations by tax authorities for the years before 2014.&lt;/p&gt;&#13;    &lt;p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif"&gt;The 2017 effective tax rate&#13;is driven primarily by the passing of the Tax Cuts and Jobs Act by congress. This act has reduced the statutory tax rate for corporations&#13;from 35% to 21% starting in 2018. As a result, the tax assets of ARI had to be re-priced to reflect the new rate for future years&#13;with the impact impacting the 2017 provision for income taxes. &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Components of the Net Deferred Tax Asset or Liability&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="8" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;Years Ended December 31&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="7" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;(in thousands)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 73%; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Allowance for losses on notes&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,591&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,963&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Installment note on land sale&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,875&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;4,793&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Deferred gain&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;11,040&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;21,798&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Net operating loss carryforward&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;50,931&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;73,021&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Subtotal&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;68,437&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;105,575&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Less:&amp;#160;&amp;#160;valuation allowance&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(42,995&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(70,849&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif"&gt;Total net deferred tax assets&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Basis differences for fixed assets&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif"&gt;Total deferred tax liability&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif"&gt;Net deferred tax asset&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Current net deferred tax asset&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Long-term net deferred tax liability&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif"&gt;Net deferred tax asset&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160; &amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif"&gt;&lt;b&gt;Operating Loss and Tax Credit Carryforwards&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif"&gt;We have federal income tax NOL carryforwards related to our domestic operations of approximately $209 million on a standalone basis, which have an indefinite life. We also have state NOLs in many of the various states in which we operate.&lt;/p&gt;&#13;    &lt;p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif"&gt;&lt;b&gt;Valuation Allowance Reversal&lt;/b&gt;&lt;/p&gt;&#13;    &lt;p style="margin: 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets. At December 31, 2017, 2016 and 2015 ARL had a net deferred tax asset due to tax deductions available to it in future years. However, as management could not determine that it was more likely than not that ARL would realize the benefit of the deferred tax asset, a valuation allowance was established.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;For financial reporting purposes, income before income taxes were:&amp;#160;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="5" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;Years Ended December 31&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="5" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;(in thousands)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 28%; font: bold 10pt Times New Roman, Times, Serif"&gt;TOTAL&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 21%; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;($8,696)&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 21%; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;($2,365)&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 21%; text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;($2,287)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;p style="margin: 0 0 8pt; font: 10pt/normal Times New Roman, Times, Serif"&gt;The expense (benefit) for income taxes consists of:&lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160; &amp;#160;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td style="text-align: center"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="11" style="text-align: center"&gt;Years Ended December 31&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-weight: bold; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-weight: bold; text-align: right; border-bottom: Black 1pt solid"&gt;2017&lt;/td&gt;&lt;td style="font-weight: bold; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"&gt;2016&lt;/td&gt;&lt;td style="font-weight: bold; padding-bottom: 1pt"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"&gt;2015&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="11" style="text-align: center"&gt;(in thousands)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom"&gt;&#13;    &lt;td&gt;Current:&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td colspan="3" style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt;&#13;    &lt;td style="width: 46%"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Federal&lt;/td&gt;&lt;td style="width: 5%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; text-align: right"&gt;(3,044&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;)&lt;/td&gt;&lt;td style="width: 5%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="width: 5%"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="width: 1%; text-align: left"&gt;$&lt;/td&gt;&lt;td style="width: 11%; text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="width: 1%; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;State&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;10&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="text-align: left"&gt;Deferred and other:&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Federal&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;3,044&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;(45&lt;/td&gt;&lt;td style="text-align: left"&gt;)&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;(1,000&lt;/td&gt;&lt;td style="text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td&gt;&amp;#160;&amp;#160;&amp;#160;State&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;170&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#8212;&amp;#160;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: rgb(204,238,255)"&gt;&#13;    &lt;td&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: right"&gt;&amp;#160;&lt;/td&gt;&lt;td style="text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&#13;&lt;tr style="vertical-align: bottom; background-color: White"&gt;&#13;    &lt;td style="font-weight: bold; text-align: left"&gt;Total Tax Expense&lt;/td&gt;&lt;td style="font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: left"&gt;$&lt;/td&gt;&lt;td style="font-weight: bold; text-align: right"&gt;180&lt;/td&gt;&lt;td style="font-weight: bold; text-align: left"&gt;&amp;#160;&lt;/td&gt;&lt;td style="font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: left"&gt;$&lt;/td&gt;&lt;td style="font-weight: bold; text-align: right"&gt;(45&lt;/td&gt;&lt;td style="font-weight: bold; text-align: left"&gt;)&lt;/td&gt;&lt;td style="font-weight: bold"&gt;&amp;#160;&lt;/td&gt;&#13;    &lt;td style="font-weight: bold; text-align: left"&gt;$&lt;/td&gt;&lt;td style="font-weight: bold; text-align: right"&gt;(1,000&lt;/td&gt;&lt;td style="font-weight: bold; text-align: left"&gt;)&lt;/td&gt;&lt;/tr&gt;&#13;&lt;/table&gt;&#13;&#13;    &lt;p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
    <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0 0 8pt; font: 10pt/normal Times New Roman, Times, Serif"&gt;The reconciliation between the Company&amp;#x2019;s effective tax rate on income from continuing operations and the statutory rate is as follows:&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="11" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;Years Ended December 31&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2017&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2016&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;2015&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="11" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;(in thousands)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 52%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Income tax expense (benefit) at federal statutory rate&lt;/td&gt;&#13;            &lt;td style="width: 5%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(3,044&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(827&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,283&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;State and local income taxes net of federal tax benefit&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;180&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Repricing of deferred assets due to change in future rates&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(28,663&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Change in valuation allowance&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,707&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;873&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,800&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Reported income tax (benefit) expense&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;180&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;46&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;517&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;Effective Tax Rate&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;0.7&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;N/A&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;N/A&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;</us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock>
    <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Components of the Net Deferred Tax Asset or Liability&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="8" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;Years Ended December 31&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&lt;b&gt;2017&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/td&gt;&#13;            &lt;td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"&gt;&lt;b&gt;2016&lt;/b&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="7" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;(in thousands)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 73%; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Allowance for losses on notes&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,591&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 2%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,963&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Installment note on land sale&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,875&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;4,793&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Deferred gain&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;11,040&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;21,798&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Net operating loss carryforward&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;50,931&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;73,021&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Subtotal&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;68,437&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;105,575&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Less:&amp;#160;&amp;#160;valuation allowance&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(42,995&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(70,849&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif"&gt;Total net deferred tax assets&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Basis differences for fixed assets&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif"&gt;Total deferred tax liability&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif"&gt;Net deferred tax asset&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Current net deferred tax asset&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Long-term net deferred tax liability&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;25,442&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;34,726&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif"&gt;Net deferred tax asset&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&amp;#160;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160; &amp;#160;&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
    <us-gaap:IncomeTaxExpenseBenefitIntraperiodTaxAllocation contextRef="From2017-01-01to2017-12-31" unitRef="USD" decimals="-3">-180000</us-gaap:IncomeTaxExpenseBenefitIntraperiodTaxAllocation>
    <us-gaap:IncomeTaxExpenseBenefitIntraperiodTaxAllocation contextRef="From2016-01-01to2016-12-31" unitRef="USD" decimals="-3">-45000</us-gaap:IncomeTaxExpenseBenefitIntraperiodTaxAllocation>
    <us-gaap:IncomeTaxExpenseBenefitIntraperiodTaxAllocation contextRef="From2015-01-01to2015-12-31" unitRef="USD" decimals="-3">-1000000</us-gaap:IncomeTaxExpenseBenefitIntraperiodTaxAllocation>
    <us-gaap:SegmentReportingDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 11.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;OPERATING SEGMENTS&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Our segments are based on management&amp;#x2019;s method of internal reporting which classifies its operations by property type. The segments are commercial, apartments, land and other. Significant differences among the accounting policies of the operating segments as compared to the Consolidated Financial Statements principally involve the calculation and allocation of administrative and other expenses. Management evaluates the performance of each of the operating segments and allocates resources to them based on their operating income and cash flow.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Items of income that are not reflected in the segments are interest, other income, equity in partnerships and gains on sale of real estate. Expenses that are not reflected in the segments are provision for losses, advisory, net income and incentive fees, general and administrative, non-controlling interests and net loss from discontinued operations before gains on sale of real estate.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The segment labeled as &amp;#x201C;Other&amp;#x201D; consists of revenue and operating expenses related to the notes receivable and corporate debt.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Presented below is the Company&amp;#x2019;s reportable segments&amp;#x2019; operating income including segment assets and expenditures for the years 2017, 2016 and 2015 (dollars in thousands):&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Twelve Months Ended December 31, 2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Commercial Properties&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Apartments&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Land&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 40%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating revenue&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;33,286&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;92,807&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;111&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(43,677&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(987&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(64,088&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation and amortization&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(9,358&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;33&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13; 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font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Mortgage and loan interest&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,527&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(22,347&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(34,354&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(66,173&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;18,941&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;18,941&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale of income producing properties&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13; 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           &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,884&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; 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               &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment operating income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13; 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           &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;23,189&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,722&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(16,351&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,803&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Capital expenditures&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,817&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,402&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;609&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13; 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               &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(26,197&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Recognized prior deferred gain&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,760&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,760&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,391&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,760&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,431&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,582&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Twelve Months Ended December 31, 2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Commercial &amp;#160;Properties&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Apartments&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 40%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating revenue&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;33,026&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;86,603&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;30&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;119,663&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating expenses&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(20,398&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(40,786&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13; 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text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,121&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment operating income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,900&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;22,122&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(826&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,049&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,347&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Capital expenditures&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5,008&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;864&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;268&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,140&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Assets&lt;/font&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;622,061&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;128,107&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;901,006&lt;/font&gt;&#13; 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text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,445&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,121&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,328&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &#13;    &lt;p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Twelve Months Ended December 31, 2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Commercial Properties&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Apartments&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 40%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating revenue&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;30,540&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;73,543&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;105&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;104,188&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating expenses&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(17,761&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(34,955&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,029&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(257&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(54,002&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation and amortization&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(8,993&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(12,498&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;73&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(21,418&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Mortgage and loan interest&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,694&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(17,165&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(52,477&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,674&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,674&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on land sales&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,648&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,648&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment operating income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,133&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,391&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,925&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(570&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;14,613&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Capital expenditures&lt;/font&gt;&#13;            &lt;/td&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;118,427&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost of sale&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(10,394&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(88,387&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(98,781&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Recognized prior deferred gain&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,737&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,737&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;735&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,648&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;22,383&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="color: black; font: 10pt Times New Roman, Times, Serif"&gt;The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):&lt;/font&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Years Ended December 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment operating income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,803&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,347&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;14,613&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other non-segment items of income (expense)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;General and administrative&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,691&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,119&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,893&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Provision on impairment of notes receivable and real estate assets&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,300&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income fee to related party&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(250&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(257&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(492&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advisory fee to related party&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(11,082&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(10,918&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(9,775&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(454&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,091&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,106&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loss on sale of investments&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(331&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Earnings from unconsolidated joint ventures and investees&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;309&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;493&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;428&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Litigation settlement&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(352&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit (expense)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(67&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(46&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(517&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) from continuing operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(8,763&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,409&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,183&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):&lt;/p&gt;&#13;    &lt;p style="color: red; margin-bottom: 0pt; margin-top: 0; text-align: justify; text-indent: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="color: black; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Years Ended December 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment assets&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;988,117&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;901,006&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;853,507&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments in unconsolidated subsidiaries and investees&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,396&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,087&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;8,365&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Notes and interest receivable&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;112,095&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;126,564&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;120,243&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other assets and receivables&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;190,112&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;141,252&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;135,253&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total assets&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,296,720&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,174,909&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,117,368&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin-bottom: 0pt; margin-top: 0; text-align: justify; text-indent: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="color: black; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
    <us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Presented below is the Company&amp;#x2019;s reportable segments&amp;#x2019; operating income including segment assets and expenditures for the years 2017, 2016 and 2015 (dollars in thousands):&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Twelve Months Ended December 31, 2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Commercial Properties&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Apartments&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Land&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Other&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Total&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 40%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating revenue&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;33,286&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;92,807&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;111&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;126,220&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(43,677&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(875&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(987&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(64,088&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation and amortization&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(9,358&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(16,354&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;33&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(25,679&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Mortgage and loan interest&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,527&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(34,354&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(66,173&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;18,941&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,547&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,698&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on land sales&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,884&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; 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           &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;243&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;23,189&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,722&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(16,351&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,803&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Capital expenditures&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,817&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,402&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;609&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(23,538&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(26,197&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Recognized prior deferred gain&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,760&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,760&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,391&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;12,760&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,431&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,582&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Twelve Months Ended December 31, 2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Commercial &amp;#160;Properties&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Apartments&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 40%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating revenue&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;33,026&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;86,603&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;30&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;119,663&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(23,785&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Mortgage and loan interest&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(59,362&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest income&lt;/font&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20,453&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20,453&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale of income producing properties&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,207&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,121&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment operating income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,900&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,049&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,347&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; 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           &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;5,008&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;864&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;268&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,140&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Assets&lt;/font&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;622,061&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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               &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(31,650&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(238&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,445&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,121&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;19,328&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &#13;    &lt;p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&amp;#160;&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Twelve Months Ended December 31, 2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Commercial Properties&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Apartments&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Land&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 40%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating revenue&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;30,540&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;73,543&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;105&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;104,188&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating expenses&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(17,761&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(34,955&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,029&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(257&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(54,002&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Depreciation and amortization&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(8,993&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(12,498&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;73&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(21,418&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Mortgage and loan interest&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,919&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(23,699&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,694&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(17,165&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(52,477&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Interest income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,674&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;16,674&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on land sales&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,648&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,648&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment operating income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(3,133&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,391&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,925&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(570&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;118,427&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Cost of sale&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(10,394&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(88,387&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(98,781&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Recognized prior deferred gain&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,737&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,737&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain on sale&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;735&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,648&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;22,383&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
    <us-gaap:ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="color: red; margin: 0pt 0; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="color: black; font: 10pt Times New Roman, Times, Serif"&gt;The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):&lt;/font&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Years Ended December 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment operating income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;10,803&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,347&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;14,613&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other non-segment items of income (expense)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;General and administrative&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,691&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(7,119&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,893&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Provision on impairment of notes receivable and real estate assets&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,300&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income fee to related party&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(250&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(257&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(492&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Advisory fee to related party&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(11,082&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(10,918&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(9,775&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other income&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(454&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,091&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;4,106&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loss on sale of investments&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(331&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Earnings from unconsolidated joint ventures and investees&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;309&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;493&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;428&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Litigation settlement&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(352&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit (expense)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(67&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(46&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(517&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) from continuing operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(8,763&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,409&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(4,183&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</us-gaap:ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock>
    <us-gaap:QuarterlyFinancialInformationTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 13.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;QUARTERLY RESULTS OF OPERATIONS&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The following is a tabulation of quarterly results of operations for the years 2017, 2016 and 2015. Quarterly results presented differ from those previously reported in ARL&amp;#x2019;s Form 10-Q due to the reclassification of the operations of properties sold or held for sale to discontinued operations in accordance with ASC topic 360:&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td colspan="9" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Three Months Ended 2017&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;March 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;June 30,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;September 30,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands, except share and per share amounts)&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;2017&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Total operating revenues&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,822&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,587&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,807&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,005&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Total operating expenses&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;27,345&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,759&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,397&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;28,292&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Operating income&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;4,477&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;4,828&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,410&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,713&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Other expense&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(10,829&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(15,676&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(9,348&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(11,853&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss before gain on sales, non-contolling interest, and taxes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(6,352&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(10,848&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(3,938&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(9,140&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on sale of income producing properties&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12,760&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,938&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on land sales&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;445&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(476&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,062&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,853&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit (expense)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(180&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) from continued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(5,907&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(11,324&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;9,884&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(1,529&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net loss from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,907&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(11,324&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;9,884&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,529&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Less: net (income) loss attributable to non-controlling interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;193&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;435&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(522&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;339&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Preferred dividend requirement&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(275&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(275&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(275&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(280&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(5,989&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(11,164&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;9,087&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(1,470)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;PER SHARE DATA&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;Earnings per share - basic&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.39&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.72&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.59&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.09&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.39&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.72&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.59&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.09&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing earnings per share&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;Earnings per share - diluted&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.39&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.72&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.59&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.09&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.39&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.72&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.59&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.09&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing diluted earnings per share&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Three Months Ended 2016&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;March 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;June 30,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;September 30,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands, except share and per share amounts)&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;2016&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Total operating revenues&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;29,205&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;30,834&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;30,067&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;29,557&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Total operating expenses&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;25,881&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,212&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,272&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,664&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Operating income&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,324&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;4,622&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,795&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,893&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Other expense&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(8,470&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(8,156&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(9,252&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(10,447&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss before gain on sales, non-contolling interest, and taxes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,146&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(3,534&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,457&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(7,554&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on sale of income producing properties&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(244&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,168&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;11,283&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on land sales&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,652&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,719&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;555&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(805&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit (expense)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(46&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) from continued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(3,738&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;3,353&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(4,948&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,924&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net loss from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(3&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(3,736&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,353&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(4,948&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,921&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Less: net (income) loss attributable to non-controlling interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;530&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(864&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,194&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,182&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Preferred dividend requirement&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(497&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(53&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(275&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(276&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(3,703&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,436&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(4,029&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;1,463&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;PER SHARE DATA&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;Earnings per share - basic&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.24&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.16&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.26&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.09&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.24&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.16&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.26&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.09&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing earnings per share&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;Earnings per share - diluted&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.24&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.16&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.26&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.09&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.24&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.16&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.26&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.09&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing diluted earnings per share&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &#13;    &lt;p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="14" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Three Months Ended 2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;March 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;June 30,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;September 30,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;December 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="14" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands, except share and per share amounts)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total operating revenues&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;23,156&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;24,241&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;27,826&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;28,965&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total operating expenses&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,155&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20,388&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;25,741&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;30,596&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating income&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,001&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,853&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,085&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,631&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other expense&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,338&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,139&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(11,152&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(12,993&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loss before gain on land sales, non-contolling interest, and taxes&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(337&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,286&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(9,067&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(14,624&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on land sales&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,876&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,027&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,958&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,787&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;103&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;274&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(882&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) from continued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,642&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,729&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,835&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,719&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income from discontinued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;190&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(22&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;508&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,832&lt;/font&gt;&#13; 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           &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,499&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Less: net (income) loss attributable to non-controlling interest&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;508&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; 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               &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Preferred dividend requirement&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(390&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(275&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13; 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text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,950&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;892&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,438&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,580&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;PER SHARE DATA&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Earnings per share - basic&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.20&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.06&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.38&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.24&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.01&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.03&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.01&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.21&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.06&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.35&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.23&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing earnings per share&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;14,027,619&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,367,320&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Earnings per share - diluted&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.16&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.05&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.38&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.24&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.01&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.03&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.01&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.17&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.05&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.35&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.23&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing diluted earnings per share&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;17,426,707&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;17,844,339&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="color: red; margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</us-gaap:QuarterlyFinancialInformationTextBlock>
    <us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The following is a tabulation of quarterly results of operations for the years 2017, 2016 and 2015. Quarterly results presented differ from those previously reported in ARL&amp;#x2019;s Form 10-Q due to the reclassification of the operations of properties sold or held for sale to discontinued operations in accordance with ASC topic 360:&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td colspan="9" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Three Months Ended 2017&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;March 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;June 30,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;September 30,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands, except share and per share amounts)&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;2017&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Total operating revenues&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,822&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,587&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,807&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;31,005&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Total operating expenses&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;27,345&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,759&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,397&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;28,292&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Operating income&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;4,477&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;4,828&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,410&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,713&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Other expense&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(10,829&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(15,676&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(9,348&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(11,853&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss before gain on sales, non-contolling interest, and taxes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(6,352&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(10,848&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(3,938&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(9,140&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on sale of income producing properties&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12,760&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,938&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on land sales&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;445&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(476&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,062&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,853&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit (expense)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(180&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) from continued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(5,907&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(11,324&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;9,884&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(1,529&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net loss from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,907&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(11,324&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;9,884&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,529&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Less: net (income) loss attributable to non-controlling interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;193&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;435&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(522&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;339&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Preferred dividend requirement&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(275&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(275&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(275&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(280&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(5,989&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(11,164&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;9,087&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(1,470)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;PER SHARE DATA&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;Earnings per share - basic&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.39&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.72&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.59&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.09&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.39&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.72&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.59&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.09&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing earnings per share&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;Earnings per share - diluted&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.39&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.72&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.59&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.09&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.39&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.72&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.59&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.09&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing diluted earnings per share&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Three Months Ended 2016&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;March 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;June 30,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;September 30,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;December 31,&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="14" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands, except share and per share amounts)&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;2016&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Total operating revenues&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;29,205&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;30,834&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;30,067&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;29,557&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Total operating expenses&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;25,881&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,212&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,272&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;26,664&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Operating income&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,324&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;4,622&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,795&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,893&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Other expense&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(8,470&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(8,156&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(9,252&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(10,447&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss before gain on sales, non-contolling interest, and taxes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,146&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(3,534&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(5,457&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(7,554&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on sale of income producing properties&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(244&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,168&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;11,283&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on land sales&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,652&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,719&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;555&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(805&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit (expense)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(46&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) from continued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(3,738&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;3,353&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(4,948&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,924&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net loss from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(3&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(3,736&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,353&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(4,948&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,921&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Less: net (income) loss attributable to non-controlling interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;530&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(864&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,194&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(1,182&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Preferred dividend requirement&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(497&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(53&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(275&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(276&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(3,703&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,436&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(4,029&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;1,463&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;PER SHARE DATA&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;Earnings per share - basic&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.24&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.16&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.26&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.09&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.24&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.16&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.26&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.09&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing earnings per share&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;Earnings per share - diluted&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.24&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.16&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;(0.26&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.09&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.24&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.16&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(0.26&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;0.09&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing diluted earnings per share&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &#13;    &lt;p style="color: red; margin: 0pt 0; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="14" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Three Months Ended 2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;March 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;June 30,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;September 30,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;December 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="14" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(dollars in thousands, except share and per share amounts)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total operating revenues&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;23,156&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;24,241&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;27,826&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;28,965&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total operating expenses&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;21,155&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;20,388&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;25,741&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;30,596&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Operating income&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,001&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,853&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,085&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,631&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other expense&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(2,338&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,139&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(11,152&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(12,993&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loss before gain on land sales, non-contolling interest, and taxes&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(337&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,286&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(9,067&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(14,624&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Gain (loss) on land sales&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,876&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;3,027&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,958&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;13,787&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income tax benefit&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;103&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13; 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           &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;274&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(882&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) from continued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,642&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;1,729&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(6,835&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,719&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income from discontinued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;190&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(22&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;508&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13; 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           &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,832&lt;/font&gt;&#13; 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           &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,499&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Less: net (income) loss attributable to non-controlling interest&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;508&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; 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               &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Preferred dividend requirement&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(390&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(275&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13; 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text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2,950&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;892&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(5,438&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(1,580&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;PER SHARE DATA&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Earnings per share - basic&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.20&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.06&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.38&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.24&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.01&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.03&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.01&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.21&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.06&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.35&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.23&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing earnings per share&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;14,027,619&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,367,320&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Earnings per share - diluted&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Loss from continued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.16&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.05&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.38&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.24&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Income from discontinued operations&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.01&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.03&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.01&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Net income (loss) applicable to common shares&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.17&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;0.05&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.35&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;(0.23&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Weighted average common shares used in computing diluted earnings per share&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;17,426,707&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;17,844,339&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;15,514,360&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;</us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock>
    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 14.&amp;#160;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;COMMITMENTS, CONTINGENCIES, AND LIQUIDITY&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Liquidity.&lt;/i&gt;&amp;#160;&amp;#160;&amp;#160;Management believes that ARL will generate excess cash flow from property operations in 2018. Such excess however, will not be sufficient to discharge all of ARL&amp;#x2019;s obligations as they become due. Management intends to sell land and income-producing real estate, refinance real estate and obtain additional borrowings primarily secured by real estate to meet its liquidity requirements.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Guarantees. &lt;/i&gt;TCI is a primary guarantor, on a $39.1 million mezzanine loan between UHF and a lender. In addition, ARL, and an officer of the Company are limited recourse guarantors of the loan. As of December 31, 2017 UHF was in compliance with the covenants to the loan agreement.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;i&gt;Partnership Buyouts&lt;/i&gt;.&amp;#160;&amp;#160;&amp;#160;&amp;#160;ARL is the limited partner in various partnerships related to the construction of residential properties. As permitted in the respective partnership agreements, ARL intends to purchase the interests of the general and any other limited partners in these partnerships subsequent to the completion of these projects. The amounts paid to buyout the nonaffiliated partners are limited to development fees earned by the nonaffiliated partners, and are set forth in the respective partnership agreements.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;ART and ART Midwest, Inc&lt;/b&gt;.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;While the Company and all entities in which the Company has a direct or indirect equity interest are not parties to or obligated in any way for the outcome, a formerly owned entity (American Realty Trust, Inc.) and its former subsidiary (ART Midwest, Inc.) have been engaged since 1999 in litigation with Mr. David Clapper and entities related to Mr. Clapper (collectively, the &amp;#x201C;Clapper Parties&amp;#x201D;). The matter originally involved a transaction in 1998 in which ART Midwest, Inc. was to acquire eight residential apartment complexes from the Clapper Parties. Through the years, a number of rulings, both for and against American Realty Trust, Inc. &amp;#x201C;ART&amp;#x201D; and ART Midwest, Inc., were issued. In October 2011, a ruling was issued under which the Clapper Parties received a judgment for approximately $74 million, including $26 million in actual damages and $48 million interest. The ruling was against ART and ART Midwest, Inc., but no other entity. During February 2014, the Court of Appeals affirmed a portion of the judgment in favor of the Clapper Parties, but also ruled that a double counting of a significant portion of the damages had occurred and remanded the case back to the trial court to recalculate the damage award, as well as pre- and post-judgment interest thereon. Subsequently, the trial court recalculated the damage award, reducing it to approximately $59 million, inclusive of actual damages and then current interest. ART was also a significant owner of a partnership interest in the partnership that was awarded the initial damages in this matter.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Clapper Parties subsequently filed a new lawsuit against ARI, its subsidiary EQK Holdings, Inc. &amp;#x201C;EQK&amp;#x201D;, and ART. The Clapper Parties seek damages from ARL for payment by ART to ARL of ART&amp;#x2019;s stock in EQK in exchange for a release of the Antecedent Debt owed by ART to ARI.&amp;#160;&lt;/font&gt;In February 2018 the court determined that this legal matter should not have been filed in federal court and therefore granted motions to dismiss on jurisdictional grounds. The company has no knowledge as to whether the plaintiffs will attempt to refile their lawsuit in a state court.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In&#13;2005, ART filed suit against a major national law firm over the initial transaction. That action was initially abated while the&#13;principal case with the Clapper Parties was pending, but the abatement was recently lifted.&amp;#160; The trial court subsequently&#13;dismissed the case on procedural grounds, but ART has filed a notice of appeal. The appeal was heard in February 2018 and we are&#13;awaiting a ruling by the appeals court. In January 2012, the Company sold all of the issued and outstanding stock of ART to an&#13;unrelated party for a promissory note in the amount of $10 million. At December 31, 2012, the Company fully reserved and valued&#13;such note at zero.&amp;#160;&lt;/font&gt;&lt;/p&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;Dynex Capital, Inc.&lt;/b&gt;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On July 20, 2015, the 68&lt;sup&gt;th&lt;/sup&gt;&amp;#160;Judicial District Court in Dallas County, Texas issued its Final Judgment in Cause No. DC-03-00675, styled Basic Capital Management, Inc., American Realty Trust, Inc., Transcontinental Realty Investors, Inc., Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc. v. Dynex Commercial, Inc. The case, which was litigated for more than a decade, had its origin with Dynex Commercial making loans to Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc. (subsidiaries of Continental Mortgage &amp;#38; Equity Trust (&amp;#x201C;CMET&amp;#x201D;), an entity which merged into TCI in 1999 after the original suit was filed). Under the original loan commitment, $160 million in loans were to be made to the entities. The loans were conditioned on the execution of a commitment between Dynex Commercial and Basic Capital Management, Inc. (&amp;#x201C;Basic&amp;#x201D;).&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;An original trial in 2004, which also included Dynex Capital, Inc. as a defendant, resulted in a jury awarding damages in favor of Basic for &amp;#x201C;lost opportunity,&amp;#x201D; as well as damages in favor of ART and in favor of TCI and its subsidiaries for &amp;#x201C;increased costs&amp;#x201D; and &amp;#x201C;lost opportunity.&amp;#x201D; The original Trial Court judge ignored the jury&amp;#x2019;s findings, however, and entered a &amp;#x201C;Judgment Notwithstanding the Verdict&amp;#x201D; (&amp;#x201C;JNOV&amp;#x201D;) in favor of the Dynex entities (the judge held the Plaintiffs were not entitled to any damages from the Dynex entities). After numerous appeals by all parties, Dynex Capital, Inc. was ultimately dismissed from the case and the remaining claims against Dynex Commercial were remanded to the Trial Court for a new judgment consistent with the jury&amp;#x2019;s findings. The Court entered the new Final Judgment against Dynex Commercial, Inc. on July 20, 2015.&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Final Judgment entered against Dynex Commercial, Inc. on July 20, 2015 awarded Basic was $0.256 million in damages, plus pre-judgment interest of $0.192 million for a total amount of $0.448 million. The Judgment awarded ART was $14.2 million in damages, plus pre-judgment interest of $10.6 million for a total amount of $24.8 million. The Judgment awarded TCI was $11.1 million, plus pre-judgment interest of $8.4 million for a total amount of $19.5 million. The Judgment also awarded Basic, ART, and TCI post-judgment interest at the rate of 5% per annum from April 25, 2014 until the date their respective damages were paid. Lastly, the Judgement awarded Basic, ART, and TCI was $1.6 million collectively in attorneys&amp;#x2019; fees from Dynex Commercial, Inc.&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;The Company is working with counsel to identify assets and collect on the Final Judgment against Dynex Commercial, Inc., as well as explore possible additional claims, if any, against Dynex Capital, Inc.&amp;#160;&lt;/font&gt;&#13;&lt;/p&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <us-gaap:SubsequentEventsTextBlock contextRef="From2017-01-01to2017-12-31">&lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&lt;td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;NOTE 16.&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&lt;b&gt;&lt;i&gt;SUBSEQUENT EVENTS&lt;/i&gt;&lt;/b&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="font: 10pt Times New Roman, Times, Serif"&gt;The date to which events occurring after December 31, 2017, the date of the most recent balance sheet, have been evaluated for possible adjustments to the financial statements or disclosure is March 30, 2017, which is the date of which the financial statements were available to be issued. There are no subsequent events that would require an adjustment to the financial statements.&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;On February 15, 2018, Southern issued Series B bonds in the amount of NIS 137.7 million par value (approximately $39.4 million as of February 15, 2018). The Series B bonds are registered on the TASE. The bonds are reported in NIS and bear stated annual interest rate of 6.8%. Interest shall be repaid January 31 and July 31 of each of the years 2019 to 2023 (inclusive), first payment commencing on July 31, 2018. The principal shall be repaid in ten equal installments on January 31 and July 31 of each of the years from 2015 to 2025 (inclusive). The total bond issuance cost incurred is 41.4 million.&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;In March 2018, the Company and a substantial financial institution (&amp;#x201C;Macquarie&amp;#x201D;) entered into an agreement to form a special purpose entity (&amp;#x201C;Joint Venture&amp;#x201D;) that would principally own and operate the existing TCI Class A multifamily residential portfolio that is currently owned 100% by Company&amp;#x2019;s subsidiaries.&amp;#160; The Joint Venture would also actively participate in the development and/or acquisitions of additional Class A assets. It is anticipated that the Southern and Macquarie would each have a 49% ownership interest and a 50% voting interest in the Joint Venture.&amp;#160; The remaining 2% ownership interest would be allotted to Daniel J. Moos, the current President and Chief Executive Officer of TCI and Abode Properties The completion of agreement is subject to the approval of certain regulators.&lt;/font&gt;&lt;/p&gt;</us-gaap:SubsequentEventsTextBlock>
    <us-gaap:DeferredFinanceCostsNet contextRef="AsOf2018-02-15_us-gaap_SubsequentEventMember_custom_NonconvertibleDebenturesAMember" unitRef="USD" decimals="-3">41400000</us-gaap:DeferredFinanceCostsNet>
    <us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;A majority of the notes receivable provide for principal to be paid at maturity (dollars in thousands).&lt;/p&gt;&#13;    &lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Borrower&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Maturity Date&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Interest Rate&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Amount&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;Security&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; width: 46%; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Performing loans:&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 8%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;H198, LLC (Las Vegas Land)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;01 /20&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,907&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Leman Development, Ltd &lt;sup&gt;(2)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;N/A&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;0.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,500&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Oulan-Chikh Family Trust&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;03 /21&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;8.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;174&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Cliffs of El Dorado) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Echo Station) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,481&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Inwood on the Park) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,639&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Kensington Park) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,933&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc.&amp;#160;&amp;#160;(Lakeshore Villas) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,000&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc.&amp;#160;&amp;#160;(Lakeshore Villas) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;9,101&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Limestone Canyon) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Limestone Canyon) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Limestone Ranch) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,953&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Limestone Ranch) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;6,000&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Parkside Crossing) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,485&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2,555&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Sendero Ridge) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Sendero Ridge) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Timbers of Terrell) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,323&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Tivoli) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;7,965&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. (Trails at White Rock) &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /32&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,815&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Secured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /17&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /18&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,994&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /18&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;6,407&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;06 /20&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;5,760&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12 /16&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unified Housing Foundation, Inc. &lt;sup&gt;(1)&lt;/sup&gt;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;06 /19&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;12.00&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;%&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#x2014;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Unsecured&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Other related party notes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;1,349&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various secured interests&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Other related party notes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;465&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various unsecured interests&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Other non-related party notes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3,466&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various secured interests&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Other non-related party notes&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;15,252&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font-size: 10pt"&gt;Various unsecured interests&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Accrued interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;7,249&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif"&gt;Total Performing&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;97,775&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif"&gt;Non- Performing&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;One Realco Corporation&amp;#160;&lt;sup&gt;(1,2)&lt;/sup&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;01/17&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;3.00%&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;7,000&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Unsecured&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Realty Advisors Management, Inc.&amp;#160;&lt;sup&gt;(1)&lt;/sup&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;12/16&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;2.28%&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;20,387&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Unsecured&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Accrued Interest&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;2,703&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Total Non-Performing&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;$&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;30,090&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;Unsecured&lt;/td&gt;&#13;            &lt;td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;Allowance for estimated losses&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;(15,770&lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;)&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-left: 9pt; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif"&gt;Total&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: center; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"&gt;$&lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right"&gt;112,095&lt;/td&gt;&#13;            &lt;td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;            &lt;td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="width: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(1)&lt;/sup&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;Related party notes&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&lt;/td&gt;&#13;            &lt;td style="width: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&lt;sup&gt;(2)&lt;/sup&gt;&lt;/td&gt;&#13;            &lt;td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;An allowance was taken for estimated losses at full value of note.&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;    &lt;/table&gt;&#13;    &#13;    &lt;p style="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/p&gt;</us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock>
    <us-gaap:ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock contextRef="From2017-01-01to2017-12-31">&lt;p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"&gt;The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):&lt;/p&gt;&#13;    &lt;p style="color: red; margin-bottom: 0pt; margin-top: 0; text-align: justify; text-indent: 0in; font: 10pt Times New Roman, Times, Serif"&gt;&#13;        &lt;font style="color: black; font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;    &lt;/p&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;For the Years Ended December 31,&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2017&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2016&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;2015&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Segment assets&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;988,117&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;901,006&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;$&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;853,507&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Investments in unconsolidated subsidiaries and investees&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,396&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;6,087&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;8,365&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Notes and interest receivable&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;112,095&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;126,564&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: right; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;120,243&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Other assets and receivables&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;190,112&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;141,252&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;135,253&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13;            &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"&gt;&#13;            &lt;td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;Total assets&lt;/font&gt;&#13;            &lt;/td&gt;&#13;            &lt;td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif"&gt;&#13;                &lt;font style="font: 10pt Times New Roman, Times, Serif"&gt;&amp;#160;&lt;/font&gt;&#13; 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	  <link:definition>00000061 - Disclosure - INCOME TAXES (Details Narrative)</link:definition>
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	<link:roleType roleURI="http://amrealtytrust.com/role/FutureMinimumRentalIncomeUnderOperatingLeasesDetails" id="FutureMinimumRentalIncomeUnderOperatingLeasesDetails">
	  <link:definition>00000062 - Disclosure - FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/OperatingSegmentsDetails" id="OperatingSegmentsDetails">
	  <link:definition>00000063 - Disclosure - OPERATING SEGMENTS (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/OperatingSegmentsDetails1" id="OperatingSegmentsDetails1">
	  <link:definition>00000064 - Disclosure - OPERATING SEGMENTS (Details 1)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/OperatingSegmentsDetails2" id="OperatingSegmentsDetails2">
	  <link:definition>00000065 - Disclosure - OPERATING SEGMENTS (Details 2)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/DiscontinuedOperationsDetails" id="DiscontinuedOperationsDetails">
	  <link:definition>00000066 - Disclosure - DISCONTINUED OPERATIONS (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/QuarterlyResultsOfOperationsDetails" id="QuarterlyResultsOfOperationsDetails">
	  <link:definition>00000067 - Disclosure - QUARTERLY RESULTS OF OPERATIONS (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/CommitmentsContingenciesAndLiquidityDetailsNarrative" id="CommitmentsContingenciesAndLiquidityDetailsNarrative">
	  <link:definition>00000068 - Disclosure - COMMITMENTS, CONTINGENCIES, AND LIQUIDITY (Details Narrative)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/EarningsPerShareDetailsNarrative" id="EarningsPerShareDetailsNarrative">
	  <link:definition>00000069 - Disclosure - EARNINGS PER SHARE (Details Narrative)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/SubsequentEventsDetailsNarrative" id="SubsequentEventsDetailsNarrative">
	  <link:definition>00000070 - Disclosure - SUBSEQUENT EVENTS (Details Narrative)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationDetails" id="ScheduleIiiRealEstateAndAccumulatedDepreciationDetails">
	  <link:definition>00000071 - Disclosure - SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Details)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationDetails1" id="ScheduleIiiRealEstateAndAccumulatedDepreciationDetails1">
	  <link:definition>00000072 - Disclosure - SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Details 1)</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/ScheduleIvMortgageLoansDetails" id="ScheduleIvMortgageLoansDetails">
	  <link:definition>00000073 - Disclosure - SCHEDULE IV MORTGAGE LOANS (Details)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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	<link:roleType roleURI="http://amrealtytrust.com/role/ScheduleIvMortgageLoansDetails1" id="ScheduleIvMortgageLoansDetails1">
	  <link:definition>00000074 - Disclosure - SCHEDULE IV MORTGAGE LOANS (Details 1)</link:definition>
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	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
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</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>8
<FILENAME>arl-20171231_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
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    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xml:lang="en-US">Property, Plant and Equipment, Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LandImprovementsMember" xlink:label="us-gaap_LandImprovementsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandImprovementsMember" xlink:to="us-gaap_LandImprovementsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LandImprovementsMember_lbl" xml:lang="en-US">Land Improvements [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeAxis_lbl" xml:lang="en-US">Range [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="us-gaap_MinimumMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinimumMember_lbl" xml:lang="en-US">Minimum [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaximumMember_lbl" xml:lang="en-US">Maximum [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis" xlink:to="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_lbl" xml:lang="en-US">Real Estate, Type of Property [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CommercialBuildingMember" xlink:label="arl_CommercialBuildingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CommercialBuildingMember" xlink:to="arl_CommercialBuildingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CommercialBuildingMember_lbl" xml:lang="en-US">Commercial [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xml:lang="en-US">Fair Value, Hierarchy [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xml:lang="en-US">Level 3 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ApartmentCommunityAcquiredMember" xlink:label="arl_ApartmentCommunityAcquiredMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApartmentCommunityAcquiredMember" xlink:to="arl_ApartmentCommunityAcquiredMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ApartmentCommunityAcquiredMember_lbl" xml:lang="en-US">Apartment Community Acquired [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_Land1Member" xlink:label="arl_Land1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_Land1Member" xlink:to="arl_Land1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_Land1Member_lbl" xml:lang="en-US">Land Parcel Acquired [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_lbl" xml:lang="en-US">Investment, Name [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_EquityMethodInvesteeNameMember" xlink:label="arl_EquityMethodInvesteeNameMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EquityMethodInvesteeNameMember" xlink:to="arl_EquityMethodInvesteeNameMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_EquityMethodInvesteeNameMember_lbl" xml:lang="en-US">Gruppa Florentina LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xml:lang="en-US">Debt Instrument [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NotesPayableOtherPayables6Member" xlink:label="arl_NotesPayableOtherPayables6Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables6Member" xlink:to="arl_NotesPayableOtherPayables6Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NotesPayableOtherPayables6Member_lbl" xml:lang="en-US">Apartments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ApartmentsUnderConstructionMember" xlink:label="arl_ApartmentsUnderConstructionMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApartmentsUnderConstructionMember" xlink:to="arl_ApartmentsUnderConstructionMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ApartmentsUnderConstructionMember_lbl" xml:lang="en-US">Apartments Under Construction [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NotesPayableOtherPayables1Member" xlink:label="arl_NotesPayableOtherPayables1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables1Member" xlink:to="arl_NotesPayableOtherPayables1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_NotesPayableOtherPayables1Member_lbl" xml:lang="en-US">Commercial [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NotesPayableOtherPayables2Member" xlink:label="arl_NotesPayableOtherPayables2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables2Member" xlink:to="arl_NotesPayableOtherPayables2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NotesPayableOtherPayables2Member_lbl" xml:lang="en-US">Land [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NotesPayableOtherPayables3Member" xlink:label="arl_NotesPayableOtherPayables3Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables3Member" xlink:to="arl_NotesPayableOtherPayables3Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NotesPayableOtherPayables3Member_lbl" xml:lang="en-US">Real Estate Subject To Sales Contract [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NotesPayableOtherPayables4Member" xlink:label="arl_NotesPayableOtherPayables4Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables4Member" xlink:to="arl_NotesPayableOtherPayables4Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NotesPayableOtherPayables4Member_lbl" xml:lang="en-US">Mezzanine Financing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NotesPayableOtherPayables5Member" xlink:label="arl_NotesPayableOtherPayables5Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables5Member" xlink:to="arl_NotesPayableOtherPayables5Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NotesPayableOtherPayables5Member_lbl" xml:lang="en-US">Other [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesPayableOtherPayablesMember" xlink:label="us-gaap_NotesPayableOtherPayablesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableOtherPayablesMember" xlink:to="us-gaap_NotesPayableOtherPayablesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesPayableOtherPayablesMember_lbl" xml:lang="en-US">Total Notes Payable [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementBusinessSegmentsAxis_lbl" xml:lang="en-US">Segments [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CommercialSegmentsMember" xlink:label="arl_CommercialSegmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CommercialSegmentsMember" xlink:to="arl_CommercialSegmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CommercialSegmentsMember_lbl" xml:lang="en-US">Commercial Properties [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ApartmentsSegmentsMember" xlink:label="arl_ApartmentsSegmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApartmentsSegmentsMember" xlink:to="arl_ApartmentsSegmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_ApartmentsSegmentsMember_lbl" xml:lang="en-US">Apartments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LandSegmentsMember" xlink:label="arl_LandSegmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandSegmentsMember" xlink:to="arl_LandSegmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_LandSegmentsMember_lbl" xml:lang="en-US">Land [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AllOtherSegmentsMember" xlink:label="us-gaap_AllOtherSegmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllOtherSegmentsMember" xlink:to="us-gaap_AllOtherSegmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AllOtherSegmentsMember_lbl" xml:lang="en-US">Other [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SegmentsMember" xlink:label="arl_SegmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SegmentsMember" xlink:to="arl_SegmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SegmentsMember_lbl" xml:lang="en-US">Total Segments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis" xlink:label="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis" xlink:to="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis_lbl" xml:lang="en-US">Mortgage Loans On Real Estate Description Type Of Property Category [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PropertiesHeldforInvestmentCorporateDebtMember" xlink:label="arl_PropertiesHeldforInvestmentCorporateDebtMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PropertiesHeldforInvestmentCorporateDebtMember" xlink:to="arl_PropertiesHeldforInvestmentCorporateDebtMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PropertiesHeldforInvestmentCorporateDebtMember_lbl" xml:lang="en-US">Properties Held for Investment/Corporate Debt [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PropertiesHeldforInvestmentApartmentsMember" xlink:label="arl_PropertiesHeldforInvestmentApartmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PropertiesHeldforInvestmentApartmentsMember" xlink:to="arl_PropertiesHeldforInvestmentApartmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PropertiesHeldforInvestmentApartmentsMember_lbl" xml:lang="en-US">Properties Held for Investment Apartments [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_lbl" xml:lang="en-US">Name of Property [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AndersonEstatesOxfordMSMember" xlink:label="arl_AndersonEstatesOxfordMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AndersonEstatesOxfordMSMember" xlink:to="arl_AndersonEstatesOxfordMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AndersonEstatesOxfordMSMember_lbl" xml:lang="en-US">Anderson Estates, Oxford [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementGeographicalAxis" xlink:label="us-gaap_StatementGeographicalAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementGeographicalAxis" xlink:to="us-gaap_StatementGeographicalAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementGeographicalAxis_lbl" xml:lang="en-US">Geographical [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_MS" xlink:label="stpr_MS" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_MS" xlink:to="stpr_MS_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="stpr_MS_lbl" xml:lang="en-US">MONTSERRAT</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BlueLakeVillasIWaxahachieTXMember" xlink:label="arl_BlueLakeVillasIWaxahachieTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BlueLakeVillasIWaxahachieTXMember" xlink:to="arl_BlueLakeVillasIWaxahachieTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BlueLakeVillasIWaxahachieTXMember_lbl" xml:lang="en-US">Blue Lake Villas I, Waxahachie [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_TX" xlink:label="stpr_TX" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_TX" xlink:to="stpr_TX_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="stpr_TX_lbl" xml:lang="en-US">TEXAS</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BlueLakeVillasIIWaxahachieTXMember" xlink:label="arl_BlueLakeVillasIIWaxahachieTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BlueLakeVillasIIWaxahachieTXMember" xlink:to="arl_BlueLakeVillasIIWaxahachieTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BlueLakeVillasIIWaxahachieTXMember_lbl" xml:lang="en-US">Blue Lake Villas II, Waxahachie [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BreakwaterBayBeaumontTXMember" xlink:label="arl_BreakwaterBayBeaumontTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BreakwaterBayBeaumontTXMember" xlink:to="arl_BreakwaterBayBeaumontTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BreakwaterBayBeaumontTXMember_lbl" xml:lang="en-US">Breakwater Bay, Beaumont [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BridgewoodRanchKaufmanTXMember" xlink:label="arl_BridgewoodRanchKaufmanTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BridgewoodRanchKaufmanTXMember" xlink:to="arl_BridgewoodRanchKaufmanTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BridgewoodRanchKaufmanTXMember_lbl" xml:lang="en-US">Bridgewood Ranch, Kaufman [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CapitolHillLittleRockARMember" xlink:label="arl_CapitolHillLittleRockARMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CapitolHillLittleRockARMember" xlink:to="arl_CapitolHillLittleRockARMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CapitolHillLittleRockARMember_lbl" xml:lang="en-US">Capitol Hill, Little Rock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_AR" xlink:label="stpr_AR" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_AR" xlink:to="stpr_AR_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="stpr_AR_lbl" xml:lang="en-US">ARGENTINA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CentennialOakRidgeTNMember" xlink:label="arl_CentennialOakRidgeTNMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CentennialOakRidgeTNMember" xlink:to="arl_CentennialOakRidgeTNMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CentennialOakRidgeTNMember_lbl" xml:lang="en-US">Centennial, Oak Ridge [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_TN" xlink:label="stpr_TN" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_TN" xlink:to="stpr_TN_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="stpr_TN_lbl" xml:lang="en-US">TUNISIA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CrossingatOpelikaOpelikaALMember" xlink:label="arl_CrossingatOpelikaOpelikaALMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CrossingatOpelikaOpelikaALMember" xlink:to="arl_CrossingatOpelikaOpelikaALMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CrossingatOpelikaOpelikaALMember_lbl" xml:lang="en-US">Crossing at Opelika, Opelika, AL [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_AL" xlink:label="country_AL" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AL" xlink:to="country_AL_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_AL_lbl" xml:lang="en-US">ALBANIA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CurtisMooreEstatesGreenwoodMSMember" xlink:label="arl_CurtisMooreEstatesGreenwoodMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CurtisMooreEstatesGreenwoodMSMember" xlink:to="arl_CurtisMooreEstatesGreenwoodMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CurtisMooreEstatesGreenwoodMSMember_lbl" xml:lang="en-US">Curtis Moore Estates, Greenwood [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_MS" xlink:label="country_MS" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MS" xlink:to="country_MS_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="country_MS_lbl" xml:lang="en-US">MONTSERRAT</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DakotaArmsLubbockTXMember" xlink:label="arl_DakotaArmsLubbockTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DakotaArmsLubbockTXMember" xlink:to="arl_DakotaArmsLubbockTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DakotaArmsLubbockTXMember_lbl" xml:lang="en-US">Dakota Arms, Lubbock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DavidJordanPhaseIIGreenwoodMSMember" xlink:label="arl_DavidJordanPhaseIIGreenwoodMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DavidJordanPhaseIIGreenwoodMSMember" xlink:to="arl_DavidJordanPhaseIIGreenwoodMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DavidJordanPhaseIIGreenwoodMSMember_lbl" xml:lang="en-US">David Jordan Phase II, Greenwood [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DavidJordanPhaseIIIGreenwoodMSMember" xlink:label="arl_DavidJordanPhaseIIIGreenwoodMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DavidJordanPhaseIIIGreenwoodMSMember" xlink:to="arl_DavidJordanPhaseIIIGreenwoodMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DavidJordanPhaseIIIGreenwoodMSMember_lbl" xml:lang="en-US">David Jordan Phase III, Greenwood [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DesotoRanchDeSotoTXMember" xlink:label="arl_DesotoRanchDeSotoTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DesotoRanchDeSotoTXMember" xlink:to="arl_DesotoRanchDeSotoTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DesotoRanchDeSotoTXMember_lbl" xml:lang="en-US">Desoto Ranch, DeSoto [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_FalconLakesArlingtonTXMember" xlink:label="arl_FalconLakesArlingtonTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_FalconLakesArlingtonTXMember" xlink:to="arl_FalconLakesArlingtonTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_FalconLakesArlingtonTXMember_lbl" xml:lang="en-US">Falcon Lakeslington [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_HeatherCreekMesquiteTXMember" xlink:label="arl_HeatherCreekMesquiteTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HeatherCreekMesquiteTXMember" xlink:to="arl_HeatherCreekMesquiteTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_HeatherCreekMesquiteTXMember_lbl" xml:lang="en-US">Heather Creek, Mesquite [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_HollandLakeWeatherfordTXMember" xlink:label="arl_HollandLakeWeatherfordTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HollandLakeWeatherfordTXMember" xlink:to="arl_HollandLakeWeatherfordTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_HollandLakeWeatherfordTXMember_lbl" xml:lang="en-US">Holland Lake, Weatherford [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LakeForestHoustonTXMember" xlink:label="arl_LakeForestHoustonTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LakeForestHoustonTXMember" xlink:to="arl_LakeForestHoustonTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LakeForestHoustonTXMember_lbl" xml:lang="en-US">Lake Forest, Houston [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LegacyatPleasantGroveTexarkanaTXMember" xlink:label="arl_LegacyatPleasantGroveTexarkanaTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LegacyatPleasantGroveTexarkanaTXMember" xlink:to="arl_LegacyatPleasantGroveTexarkanaTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LegacyatPleasantGroveTexarkanaTXMember_lbl" xml:lang="en-US">Legacy at Pleasant Grove, Texarkana [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LoftsatReynoldsVillageAshevilleNCMember" xlink:label="arl_LoftsatReynoldsVillageAshevilleNCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LoftsatReynoldsVillageAshevilleNCMember" xlink:to="arl_LoftsatReynoldsVillageAshevilleNCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LoftsatReynoldsVillageAshevilleNCMember_lbl" xml:lang="en-US">Lofts at Reynolds Village, Asheville, NC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_NC" xlink:label="stpr_NC" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_NC" xlink:to="stpr_NC_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="stpr_NC_lbl" xml:lang="en-US">NORTH CAROLINA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LodgeatPecanCreekDentonTXMember" xlink:label="arl_LodgeatPecanCreekDentonTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LodgeatPecanCreekDentonTXMember" xlink:to="arl_LodgeatPecanCreekDentonTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LodgeatPecanCreekDentonTXMember_lbl" xml:lang="en-US">Lodge at Pecan Creek, Denton [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MansionsofMansfieldMansfieldTXMember" xlink:label="arl_MansionsofMansfieldMansfieldTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MansionsofMansfieldMansfieldTXMember" xlink:to="arl_MansionsofMansfieldMansfieldTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MansionsofMansfieldMansfieldTXMember_lbl" xml:lang="en-US">Mansions of Mansfield, Mansfield [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MetropolitanApartmentsNorthLittleRockARMember" xlink:label="arl_MetropolitanApartmentsNorthLittleRockARMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MetropolitanApartmentsNorthLittleRockARMember" xlink:to="arl_MetropolitanApartmentsNorthLittleRockARMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MetropolitanApartmentsNorthLittleRockARMember_lbl" xml:lang="en-US">Metropolitan Apartments, North Little Rock, AR [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_AR" xlink:to="stpr_AR_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="stpr_AR_2_lbl" xml:lang="en-US">ARKANSAS</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MissionOaksSanAntonioTXMember" xlink:label="arl_MissionOaksSanAntonioTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MissionOaksSanAntonioTXMember" xlink:to="arl_MissionOaksSanAntonioTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MissionOaksSanAntonioTXMember_lbl" xml:lang="en-US">Mission Oaks, San Antonio [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MonticelloEstateMonticelloARMember" xlink:label="arl_MonticelloEstateMonticelloARMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MonticelloEstateMonticelloARMember" xlink:to="arl_MonticelloEstateMonticelloARMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MonticelloEstateMonticelloARMember_lbl" xml:lang="en-US">Monticello Estate, Monticello [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_AR" xlink:label="country_AR" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AR" xlink:to="country_AR_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="country_AR_lbl" xml:lang="en-US">ARGENTINA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NorthsideonTravisShermanTXMember" xlink:label="arl_NorthsideonTravisShermanTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NorthsideonTravisShermanTXMember" xlink:to="arl_NorthsideonTravisShermanTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NorthsideonTravisShermanTXMember_lbl" xml:lang="en-US">Northside on Travis, Sherman [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OakHollowSequinTXMember" xlink:label="arl_OakHollowSequinTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OakHollowSequinTXMember" xlink:to="arl_OakHollowSequinTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OakHollowSequinTXMember_lbl" xml:lang="en-US">Oak Hollow, Sequin [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OceanaireApartmentsBiloxiMSMember" xlink:label="arl_OceanaireApartmentsBiloxiMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OceanaireApartmentsBiloxiMSMember" xlink:to="arl_OceanaireApartmentsBiloxiMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OceanaireApartmentsBiloxiMSMember_lbl" xml:lang="en-US">Oceanaire Apartments, Biloxi, MS [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_MS" xlink:to="stpr_MS_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="stpr_MS_2_lbl" xml:lang="en-US">MISSISSIPPI</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OverlookatAllensvilleSeviervilleTNMember" xlink:label="arl_OverlookatAllensvilleSeviervilleTNMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OverlookatAllensvilleSeviervilleTNMember" xlink:to="arl_OverlookatAllensvilleSeviervilleTNMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OverlookatAllensvilleSeviervilleTNMember_lbl" xml:lang="en-US">Overlook at Allensville, Sevierville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_TN" xlink:label="country_TN" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_TN" xlink:to="country_TN_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="country_TN_lbl" xml:lang="en-US">TUNISIA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ParcatClarksvilleClarksvilleTNMember" xlink:label="arl_ParcatClarksvilleClarksvilleTNMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatClarksvilleClarksvilleTNMember" xlink:to="arl_ParcatClarksvilleClarksvilleTNMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ParcatClarksvilleClarksvilleTNMember_lbl" xml:lang="en-US">Parc at Clarksville, Clarksville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ParcatDenhamSpringsDenhamSpringsLAMember" xlink:label="arl_ParcatDenhamSpringsDenhamSpringsLAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatDenhamSpringsDenhamSpringsLAMember" xlink:to="arl_ParcatDenhamSpringsDenhamSpringsLAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ParcatDenhamSpringsDenhamSpringsLAMember_lbl" xml:lang="en-US">Parc at Denham Springs, Denham Springs [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_LA" xlink:label="stpr_LA" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_LA" xlink:to="stpr_LA_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="stpr_LA_lbl" xml:lang="en-US">LOUISIANA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ParcatMaumelleLittleRockARMember" xlink:label="arl_ParcatMaumelleLittleRockARMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatMaumelleLittleRockARMember" xlink:to="arl_ParcatMaumelleLittleRockARMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ParcatMaumelleLittleRockARMember_lbl" xml:lang="en-US">Parc at Maumelle, Little Rock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ParcatMetroCenterNashvilleTNMember" xlink:label="arl_ParcatMetroCenterNashvilleTNMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatMetroCenterNashvilleTNMember" xlink:to="arl_ParcatMetroCenterNashvilleTNMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ParcatMetroCenterNashvilleTNMember_lbl" xml:lang="en-US">Parc at Metro Center, Nashville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ParcatRogersRogersARMember" xlink:label="arl_ParcatRogersRogersARMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatRogersRogersARMember" xlink:to="arl_ParcatRogersRogersARMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ParcatRogersRogersARMember_lbl" xml:lang="en-US">Parc at Rogers, Rogers [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PreserveatPecanCreekDentonTXMember" xlink:label="arl_PreserveatPecanCreekDentonTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PreserveatPecanCreekDentonTXMember" xlink:to="arl_PreserveatPecanCreekDentonTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PreserveatPecanCreekDentonTXMember_lbl" xml:lang="en-US">Preserve at Pecan Creek, Denton [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PreserveatPrairiePointeLubbockTXMember" xlink:label="arl_PreserveatPrairiePointeLubbockTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PreserveatPrairiePointeLubbockTXMember" xlink:to="arl_PreserveatPrairiePointeLubbockTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PreserveatPrairiePointeLubbockTXMember_lbl" xml:lang="en-US">Preserve at Prairie Pointe, Lubbock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RiverwalkPhaseIGreenvilleMSMember" xlink:label="arl_RiverwalkPhaseIGreenvilleMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RiverwalkPhaseIGreenvilleMSMember" xlink:to="arl_RiverwalkPhaseIGreenvilleMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RiverwalkPhaseIGreenvilleMSMember_lbl" xml:lang="en-US">Riverwalk Phase I, Greenville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RiverwalkPhaseIIGreenvilleMSMember" xlink:label="arl_RiverwalkPhaseIIGreenvilleMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RiverwalkPhaseIIGreenvilleMSMember" xlink:to="arl_RiverwalkPhaseIIGreenvilleMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RiverwalkPhaseIIGreenvilleMSMember_lbl" xml:lang="en-US">Riverwalk Phase II, Greenville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SawgrassCreekMember" xlink:label="arl_SawgrassCreekMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SawgrassCreekMember" xlink:to="arl_SawgrassCreekMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SawgrassCreekMember_lbl" xml:lang="en-US">Sawgrass Creek [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_FL" xlink:label="stpr_FL" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_FL" xlink:to="stpr_FL_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="stpr_FL_lbl" xml:lang="en-US">FLORIDA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SonomaCourtRockwallTXMember" xlink:label="arl_SonomaCourtRockwallTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SonomaCourtRockwallTXMember" xlink:to="arl_SonomaCourtRockwallTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SonomaCourtRockwallTXMember_lbl" xml:lang="en-US">Sonoma Court, Rockwall [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SugarMillBatonRougeLAMember" xlink:label="arl_SugarMillBatonRougeLAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SugarMillBatonRougeLAMember" xlink:to="arl_SugarMillBatonRougeLAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SugarMillBatonRougeLAMember_lbl" xml:lang="en-US">Sugar Mill, Baton Rouge [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TattersallVillageHinesvilleGAMember" xlink:label="arl_TattersallVillageHinesvilleGAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TattersallVillageHinesvilleGAMember" xlink:to="arl_TattersallVillageHinesvilleGAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TattersallVillageHinesvilleGAMember_lbl" xml:lang="en-US">Tattersall Village, Hinesville, GA [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_GA" xlink:label="country_GA" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GA" xlink:to="country_GA_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_GA_lbl" xml:lang="en-US">GABON</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ToulonGautierMSMember" xlink:label="arl_ToulonGautierMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ToulonGautierMSMember" xlink:to="arl_ToulonGautierMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ToulonGautierMSMember_lbl" xml:lang="en-US">Toulon, Gautier [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TradewindsMidlandTXMember" xlink:label="arl_TradewindsMidlandTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TradewindsMidlandTXMember" xlink:to="arl_TradewindsMidlandTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TradewindsMidlandTXMember_lbl" xml:lang="en-US">Tradewinds, Midland [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VillagerFt.WaltonFLMember" xlink:label="arl_VillagerFt.WaltonFLMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VillagerFt.WaltonFLMember" xlink:to="arl_VillagerFt.WaltonFLMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VillagerFt.WaltonFLMember_lbl" xml:lang="en-US">Villager, Ft. Walton [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VillasatParkWestIPuebloCOMember" xlink:label="arl_VillasatParkWestIPuebloCOMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VillasatParkWestIPuebloCOMember" xlink:to="arl_VillasatParkWestIPuebloCOMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VillasatParkWestIPuebloCOMember_lbl" xml:lang="en-US">Villas at Park West I, Pueblo [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_CO" xlink:label="country_CO" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CO" xlink:to="country_CO_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CO_lbl" xml:lang="en-US">COLOMBIA</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VillasatParkWestIIPuebloCOMember" xlink:label="arl_VillasatParkWestIIPuebloCOMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VillasatParkWestIIPuebloCOMember" xlink:to="arl_VillasatParkWestIIPuebloCOMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VillasatParkWestIIPuebloCOMember_lbl" xml:lang="en-US">Villas at Park West II, Pueblo [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VistaRidgeTupeloMSMember" xlink:label="arl_VistaRidgeTupeloMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VistaRidgeTupeloMSMember" xlink:to="arl_VistaRidgeTupeloMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VistaRidgeTupeloMSMember_lbl" xml:lang="en-US">Vista Ridge, Tupelo [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VistasofVanceJacksonSanAntonioTXMember" xlink:label="arl_VistasofVanceJacksonSanAntonioTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VistasofVanceJacksonSanAntonioTXMember" xlink:to="arl_VistasofVanceJacksonSanAntonioTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VistasofVanceJacksonSanAntonioTXMember_lbl" xml:lang="en-US">Vistas of Vance Jackson, San Antonio [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WaterfordRosebergTXMember" xlink:label="arl_WaterfordRosebergTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WaterfordRosebergTXMember" xlink:to="arl_WaterfordRosebergTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WaterfordRosebergTXMember_lbl" xml:lang="en-US">Waterford, Roseberg [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WestwoodMaryEsterFLMember" xlink:label="arl_WestwoodMaryEsterFLMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WestwoodMaryEsterFLMember" xlink:to="arl_WestwoodMaryEsterFLMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WestwoodMaryEsterFLMember_lbl" xml:lang="en-US">Westwood, Mary Ester [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WindsongFortWorthTXMember" xlink:label="arl_WindsongFortWorthTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WindsongFortWorthTXMember" xlink:to="arl_WindsongFortWorthTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WindsongFortWorthTXMember_lbl" xml:lang="en-US">Windsong, Fort Worth [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AbodeRedRockMember" xlink:label="arl_AbodeRedRockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AbodeRedRockMember" xlink:to="arl_AbodeRedRockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AbodeRedRockMember_lbl" xml:lang="en-US">Abode Red Rock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ForestPinesMember" xlink:label="arl_ForestPinesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ForestPinesMember" xlink:to="arl_ForestPinesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ForestPinesMember_lbl" xml:lang="en-US">Forest Pines [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LakesideLoftsFarmersBranchTXMember" xlink:label="arl_LakesideLoftsFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LakesideLoftsFarmersBranchTXMember" xlink:to="arl_LakesideLoftsFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LakesideLoftsFarmersBranchTXMember_lbl" xml:lang="en-US">Lakeside Lofts, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TXMember" xlink:label="arl_TXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TXMember" xlink:to="arl_TXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_TXMember_lbl" xml:lang="en-US">TEXAS</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_McKinneyPointMember" xlink:label="arl_McKinneyPointMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_McKinneyPointMember" xlink:to="arl_McKinneyPointMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_McKinneyPointMember_lbl" xml:lang="en-US">McKinney Point [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ParcatBentonvilleMember" xlink:label="arl_ParcatBentonvilleMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatBentonvilleMember" xlink:to="arl_ParcatBentonvilleMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ParcatBentonvilleMember_lbl" xml:lang="en-US">Parc at Bentonville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ParcatGarlandMember" xlink:label="arl_ParcatGarlandMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatGarlandMember" xlink:to="arl_ParcatGarlandMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ParcatGarlandMember_lbl" xml:lang="en-US">Parc at Garland [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ParcatWylieMember" xlink:label="arl_ParcatWylieMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatWylieMember" xlink:to="arl_ParcatWylieMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ParcatWylieMember_lbl" xml:lang="en-US">Parc at Wylie [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OakHollowIIMember" xlink:label="arl_OakHollowIIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OakHollowIIMember" xlink:to="arl_OakHollowIIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OakHollowIIMember_lbl" xml:lang="en-US">Oak Hollow II [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OverlookAtAllensvilleSquareIISeigervilleTNMember" xlink:label="arl_OverlookAtAllensvilleSquareIISeigervilleTNMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OverlookAtAllensvilleSquareIISeigervilleTNMember" xlink:to="arl_OverlookAtAllensvilleSquareIISeigervilleTNMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OverlookAtAllensvilleSquareIISeigervilleTNMember_lbl" xml:lang="en-US">Overlook at Allensville Square II, Seigerville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SawgrassIIMember" xlink:label="arl_SawgrassIIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SawgrassIIMember" xlink:to="arl_SawgrassIIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SawgrassIIMember_lbl" xml:lang="en-US">Sawgrass II [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TerraLagoRowlettTXMember" xlink:label="arl_TerraLagoRowlettTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TerraLagoRowlettTXMember" xlink:to="arl_TerraLagoRowlettTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TerraLagoRowlettTXMember_lbl" xml:lang="en-US">Terra Lago, Rowlett [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CommercialHeldforInvestmentMember" xlink:label="arl_CommercialHeldforInvestmentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CommercialHeldforInvestmentMember" xlink:to="arl_CommercialHeldforInvestmentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CommercialHeldforInvestmentMember_lbl" xml:lang="en-US">Commercial Held for Investment [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LasColinasLasColinasTXMember" xlink:label="arl_LasColinasLasColinasTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LasColinasLasColinasTXMember" xlink:to="arl_LasColinasLasColinasTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LasColinasLasColinasTXMember_lbl" xml:lang="en-US">600 Las Colinass Colinas [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SouthPostOakHoustonTXMember" xlink:label="arl_SouthPostOakHoustonTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SouthPostOakHoustonTXMember" xlink:to="arl_SouthPostOakHoustonTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SouthPostOakHoustonTXMember_lbl" xml:lang="en-US">770 South Post Oak, Houston [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BridgeviewPlazaLaCrosseWIMember" xlink:label="arl_BridgeviewPlazaLaCrosseWIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BridgeviewPlazaLaCrosseWIMember" xlink:to="arl_BridgeviewPlazaLaCrosseWIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BridgeviewPlazaLaCrosseWIMember_lbl" xml:lang="en-US">Bridgeview Plaza, LaCrosse [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_WI" xlink:label="stpr_WI" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="stpr_WI" xlink:to="stpr_WI_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="stpr_WI_lbl" xml:lang="en-US">WISCONSIN</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BrowningPlaceParkWestIFarmersBranchTXMember" xlink:label="arl_BrowningPlaceParkWestIFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BrowningPlaceParkWestIFarmersBranchTXMember" xlink:to="arl_BrowningPlaceParkWestIFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BrowningPlaceParkWestIFarmersBranchTXMember_lbl" xml:lang="en-US">Browning Place (Park West I), Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MahoganyRunGolfCourseUSVirginIslandsMember" xlink:label="arl_MahoganyRunGolfCourseUSVirginIslandsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MahoganyRunGolfCourseUSVirginIslandsMember" xlink:to="arl_MahoganyRunGolfCourseUSVirginIslandsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MahoganyRunGolfCourseUSVirginIslandsMember_lbl" xml:lang="en-US">Mahogany Run Golf Course [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_VI" xlink:label="country_VI" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_VI" xlink:to="country_VI_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_VI_lbl" xml:lang="en-US">VIRGIN ISLANDS, US</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_FruitlandPlazaFruitlandParkFLMember" xlink:label="arl_FruitlandPlazaFruitlandParkFLMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_FruitlandPlazaFruitlandParkFLMember" xlink:to="arl_FruitlandPlazaFruitlandParkFLMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_FruitlandPlazaFruitlandParkFLMember_lbl" xml:lang="en-US">Fruitland Plaza, Fruitland Park [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SenlacVHPFarmersBranchTXMember" xlink:label="arl_SenlacVHPFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SenlacVHPFarmersBranchTXMember" xlink:to="arl_SenlacVHPFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SenlacVHPFarmersBranchTXMember_lbl" xml:lang="en-US">Senlac VHP, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_StanfordCenterDallasTXMember" xlink:label="arl_StanfordCenterDallasTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_StanfordCenterDallasTXMember" xlink:to="arl_StanfordCenterDallasTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_StanfordCenterDallasTXMember_lbl" xml:lang="en-US">Stanford Center, Dallas [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LandHeldforInvestmentMember" xlink:label="arl_LandHeldforInvestmentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandHeldforInvestmentMember" xlink:to="arl_LandHeldforInvestmentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LandHeldforInvestmentMember_lbl" xml:lang="en-US">Land Held for Investment [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AudubonAdamsCountyMSMember" xlink:label="arl_AudubonAdamsCountyMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AudubonAdamsCountyMSMember" xlink:to="arl_AudubonAdamsCountyMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AudubonAdamsCountyMSMember_lbl" xml:lang="en-US">Audubon, Adams County [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BonneauLandFarmersBranchTXMember" xlink:label="arl_BonneauLandFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BonneauLandFarmersBranchTXMember" xlink:to="arl_BonneauLandFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BonneauLandFarmersBranchTXMember_lbl" xml:lang="en-US">Bonneau Land, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CooksLaneFortWorthTXMember" xlink:label="arl_CooksLaneFortWorthTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CooksLaneFortWorthTXMember" xlink:to="arl_CooksLaneFortWorthTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CooksLaneFortWorthTXMember_lbl" xml:lang="en-US">Cooks Lane, Fort Worth [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DedeauxGulfportMSMember" xlink:label="arl_DedeauxGulfportMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DedeauxGulfportMSMember" xlink:to="arl_DedeauxGulfportMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DedeauxGulfportMSMember_lbl" xml:lang="en-US">Dedeaux, Gulfport [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DenhamSpringsDenhamSpringsLAMember" xlink:label="arl_DenhamSpringsDenhamSpringsLAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DenhamSpringsDenhamSpringsLAMember" xlink:to="arl_DenhamSpringsDenhamSpringsLAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DenhamSpringsDenhamSpringsLAMember_lbl" xml:lang="en-US">Denham Springs, Denham Springs [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_GautierLandGautierMSMember" xlink:label="arl_GautierLandGautierMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GautierLandGautierMSMember" xlink:to="arl_GautierLandGautierMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_GautierLandGautierMSMember_lbl" xml:lang="en-US">Gautier Land, Gautier [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LakeShoreVillasHumbleTXMember" xlink:label="arl_LakeShoreVillasHumbleTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LakeShoreVillasHumbleTXMember" xlink:to="arl_LakeShoreVillasHumbleTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LakeShoreVillasHumbleTXMember_lbl" xml:lang="en-US">Lake Shore Villas, Humble [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LubbockLandLubbockTXMember" xlink:label="arl_LubbockLandLubbockTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LubbockLandLubbockTXMember" xlink:to="arl_LubbockLandLubbockTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LubbockLandLubbockTXMember_lbl" xml:lang="en-US">Lubbock Land, Lubbock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NakashMaldenMOMember" xlink:label="arl_NakashMaldenMOMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NakashMaldenMOMember" xlink:to="arl_NakashMaldenMOMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NakashMaldenMOMember_lbl" xml:lang="en-US">Nakash, Malden [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_MO" xlink:label="country_MO" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MO" xlink:to="country_MO_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_MO_lbl" xml:lang="en-US">MACAU</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NashvilleNashvilleTNMember" xlink:label="arl_NashvilleNashvilleTNMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NashvilleNashvilleTNMember" xlink:to="arl_NashvilleNashvilleTNMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NashvilleNashvilleTNMember_lbl" xml:lang="en-US">Nashville, Nashville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OceanEstatesGulfportMSMember" xlink:label="arl_OceanEstatesGulfportMSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OceanEstatesGulfportMSMember" xlink:to="arl_OceanEstatesGulfportMSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OceanEstatesGulfportMSMember_lbl" xml:lang="en-US">Ocean Estates, Gulfport [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TexasPlazaLandIrvingTXMember" xlink:label="arl_TexasPlazaLandIrvingTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TexasPlazaLandIrvingTXMember" xlink:to="arl_TexasPlazaLandIrvingTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TexasPlazaLandIrvingTXMember_lbl" xml:lang="en-US">Texas Plaza Land, Irving [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnionPacificRailroadLandDallasTXMember" xlink:label="arl_UnionPacificRailroadLandDallasTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnionPacificRailroadLandDallasTXMember" xlink:to="arl_UnionPacificRailroadLandDallasTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnionPacificRailroadLandDallasTXMember_lbl" xml:lang="en-US">Union Pacific Railroad Land, Dallas [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WillowickLandPensacolaFLMember" xlink:label="arl_WillowickLandPensacolaFLMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WillowickLandPensacolaFLMember" xlink:to="arl_WillowickLandPensacolaFLMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WillowickLandPensacolaFLMember_lbl" xml:lang="en-US">Willowick Land, Pensacola [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WindmillFarmsLandKaufmanCountyTXMember" xlink:label="arl_WindmillFarmsLandKaufmanCountyTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WindmillFarmsLandKaufmanCountyTXMember" xlink:to="arl_WindmillFarmsLandKaufmanCountyTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WindmillFarmsLandKaufmanCountyTXMember_lbl" xml:lang="en-US">Windmill Farms Land, Kaufman County [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ValleyViewLnFarmersBranchTXMember" xlink:label="arl_ValleyViewLnFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ValleyViewLnFarmersBranchTXMember" xlink:to="arl_ValleyViewLnFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ValleyViewLnFarmersBranchTXMember_lbl" xml:lang="en-US">2427 Valley View Ln, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_HollywoodCasinoLandTractIIFarmersBranchTXMember" xlink:label="arl_HollywoodCasinoLandTractIIFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HollywoodCasinoLandTractIIFarmersBranchTXMember" xlink:to="arl_HollywoodCasinoLandTractIIFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_HollywoodCasinoLandTractIIFarmersBranchTXMember_lbl" xml:lang="en-US">Hollywood Casino Land Tract II, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LacyLonghornLandFarmersBranchTXMember" xlink:label="arl_LacyLonghornLandFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LacyLonghornLandFarmersBranchTXMember" xlink:to="arl_LacyLonghornLandFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LacyLonghornLandFarmersBranchTXMember_lbl" xml:lang="en-US">Lacy Longhorn Land, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MinivestLandDallasTXMember" xlink:label="arl_MinivestLandDallasTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MinivestLandDallasTXMember" xlink:to="arl_MinivestLandDallasTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MinivestLandDallasTXMember_lbl" xml:lang="en-US">Minivest Land, Dallas [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MiraLagoFarmersBranchTXMember" xlink:label="arl_MiraLagoFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MiraLagoFarmersBranchTXMember" xlink:to="arl_MiraLagoFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MiraLagoFarmersBranchTXMember_lbl" xml:lang="en-US">Mira Lago, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NicholsonCroslinDallasTXMember" xlink:label="arl_NicholsonCroslinDallasTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NicholsonCroslinDallasTXMember" xlink:to="arl_NicholsonCroslinDallasTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NicholsonCroslinDallasTXMember_lbl" xml:lang="en-US">Nicholson Croslin, Dallas [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NicholsonMendozaDallasTXMember" xlink:label="arl_NicholsonMendozaDallasTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NicholsonMendozaDallasTXMember" xlink:to="arl_NicholsonMendozaDallasTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NicholsonMendozaDallasTXMember_lbl" xml:lang="en-US">Nicholson Mendoza, Dallas [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SenlacLandTractIIFarmersBranchTXMember" xlink:label="arl_SenlacLandTractIIFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SenlacLandTractIIFarmersBranchTXMember" xlink:to="arl_SenlacLandTractIIFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SenlacLandTractIIFarmersBranchTXMember_lbl" xml:lang="en-US">Senlac Land Tract II, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ValleyView34MercerCrossingFarmersBranchTXMember" xlink:label="arl_ValleyView34MercerCrossingFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ValleyView34MercerCrossingFarmersBranchTXMember" xlink:to="arl_ValleyView34MercerCrossingFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ValleyView34MercerCrossingFarmersBranchTXMember_lbl" xml:lang="en-US">Valley View 34 (Mercer Crossing), Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DominionMercerFarmersBranchTXMember" xlink:label="arl_DominionMercerFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DominionMercerFarmersBranchTXMember" xlink:to="arl_DominionMercerFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DominionMercerFarmersBranchTXMember_lbl" xml:lang="en-US">Dominion Mercer, Farmers Branch, TX [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MandahlBayLandMember" xlink:label="arl_MandahlBayLandMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MandahlBayLandMember" xlink:to="arl_MandahlBayLandMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MandahlBayLandMember_lbl" xml:lang="en-US">Mandahl Bay Land [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_McKinney36CollinCountyTXMember" xlink:label="arl_McKinney36CollinCountyTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_McKinney36CollinCountyTXMember" xlink:to="arl_McKinney36CollinCountyTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_McKinney36CollinCountyTXMember_lbl" xml:lang="en-US">McKinney 36, Collin County [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TravisRanchLandKaufmanCountyTXMember" xlink:label="arl_TravisRanchLandKaufmanCountyTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravisRanchLandKaufmanCountyTXMember" xlink:to="arl_TravisRanchLandKaufmanCountyTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TravisRanchLandKaufmanCountyTXMember_lbl" xml:lang="en-US">Travis Ranch Land, Kaufman County [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TravisRanchRetailKaufmanCityTXMember" xlink:label="arl_TravisRanchRetailKaufmanCityTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravisRanchRetailKaufmanCityTXMember" xlink:to="arl_TravisRanchRetailKaufmanCityTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TravisRanchRetailKaufmanCityTXMember_lbl" xml:lang="en-US">Travis Ranch Retail, Kaufman City [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PropertiesSubjecttoSalesContractApartmentsMember" xlink:label="arl_PropertiesSubjecttoSalesContractApartmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PropertiesSubjecttoSalesContractApartmentsMember" xlink:to="arl_PropertiesSubjecttoSalesContractApartmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PropertiesSubjecttoSalesContractApartmentsMember_lbl" xml:lang="en-US">Properties Subject to Sales Contract [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LandSubjecttoSalesContractMember" xlink:label="arl_LandSubjecttoSalesContractMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandSubjecttoSalesContractMember" xlink:to="arl_LandSubjecttoSalesContractMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LandSubjecttoSalesContractMember_lbl" xml:lang="en-US">Land Subject to Sales Contract [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DominionTractDallasTXMember" xlink:label="arl_DominionTractDallasTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DominionTractDallasTXMember" xlink:to="arl_DominionTractDallasTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DominionTractDallasTXMember_lbl" xml:lang="en-US">Dominion Tract, Dallas [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_HollywoodCasinoTractIFarmersBranchTXMember" xlink:label="arl_HollywoodCasinoTractIFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HollywoodCasinoTractIFarmersBranchTXMember" xlink:to="arl_HollywoodCasinoTractIFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_HollywoodCasinoTractIFarmersBranchTXMember_lbl" xml:lang="en-US">Hollywood Casino Tract I, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LaDueLandFarmersBranchTXMember" xlink:label="arl_LaDueLandFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LaDueLandFarmersBranchTXMember" xlink:to="arl_LaDueLandFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LaDueLandFarmersBranchTXMember_lbl" xml:lang="en-US">LaDue Land, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ThreeHickoryLandFarmersBranchTXMember" xlink:label="arl_ThreeHickoryLandFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ThreeHickoryLandFarmersBranchTXMember" xlink:to="arl_ThreeHickoryLandFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ThreeHickoryLandFarmersBranchTXMember_lbl" xml:lang="en-US">Three Hickory Land, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TravelersLandFarmersBranchTXMember" xlink:label="arl_TravelersLandFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravelersLandFarmersBranchTXMember" xlink:to="arl_TravelersLandFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TravelersLandFarmersBranchTXMember_lbl" xml:lang="en-US">Travelers Land, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TravelersLandFarmersBranch1TXMember" xlink:label="arl_TravelersLandFarmersBranch1TXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravelersLandFarmersBranch1TXMember" xlink:to="arl_TravelersLandFarmersBranch1TXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_TravelersLandFarmersBranch1TXMember_lbl" xml:lang="en-US">Travelers Land, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ValwoodLandFarmersBranchTXMember" xlink:label="arl_ValwoodLandFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ValwoodLandFarmersBranchTXMember" xlink:to="arl_ValwoodLandFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ValwoodLandFarmersBranchTXMember_lbl" xml:lang="en-US">Valwood Land, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WalkerLandDallasCountyTXMember" xlink:label="arl_WalkerLandDallasCountyTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WalkerLandDallasCountyTXMember" xlink:to="arl_WalkerLandDallasCountyTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WalkerLandDallasCountyTXMember_lbl" xml:lang="en-US">Walker Land, Dallas County [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WhortonLandBentonvilleARMember" xlink:label="arl_WhortonLandBentonvilleARMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WhortonLandBentonvilleARMember" xlink:to="arl_WhortonLandBentonvilleARMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WhortonLandBentonvilleARMember_lbl" xml:lang="en-US">Whorton Land Bentonville [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ApalachePointMember" xlink:label="arl_ApalachePointMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApalachePointMember" xlink:to="arl_ApalachePointMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ApalachePointMember_lbl" xml:lang="en-US">Apalache Point [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_EagleCrossingMember" xlink:label="arl_EagleCrossingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EagleCrossingMember" xlink:to="arl_EagleCrossingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_EagleCrossingMember_lbl" xml:lang="en-US">Eagle Crossing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SugarMillIIMember" xlink:label="arl_SugarMillIIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SugarMillIIMember" xlink:to="arl_SugarMillIIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SugarMillIIMember_lbl" xml:lang="en-US">Sugar Mill II [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_GNBLandARI806L2870Member" xlink:label="arl_GNBLandARI806L2870Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GNBLandARI806L2870Member" xlink:to="arl_GNBLandARI806L2870Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_GNBLandARI806L2870Member_lbl" xml:lang="en-US">GNB Land ARI 8/06 L2870 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_GNBLandEdina607L2875Member" xlink:label="arl_GNBLandEdina607L2875Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GNBLandEdina607L2875Member" xlink:to="arl_GNBLandEdina607L2875Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_GNBLandEdina607L2875Member_lbl" xml:lang="en-US">GNB Land Edina 6/07 L2875 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_GNBLandEdinaB1530Member" xlink:label="arl_GNBLandEdinaB1530Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GNBLandEdinaB1530Member" xlink:to="arl_GNBLandEdinaB1530Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_GNBLandEdinaB1530Member_lbl" xml:lang="en-US">GNB Land Edina B1530 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ManhattanLandFarmersBranchTXMember" xlink:label="arl_ManhattanLandFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ManhattanLandFarmersBranchTXMember" xlink:to="arl_ManhattanLandFarmersBranchTXMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ManhattanLandFarmersBranchTXMember_lbl" xml:lang="en-US">Manhattan Land, Farmers Branch [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MeloyPortageLandKentOHMember" xlink:label="arl_MeloyPortageLandKentOHMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MeloyPortageLandKentOHMember" xlink:to="arl_MeloyPortageLandKentOHMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MeloyPortageLandKentOHMember_lbl" xml:lang="en-US">Meloy/Portage Land, Kent OH [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CorporateDepartmentsInvestmentsMiscMember" xlink:label="arl_CorporateDepartmentsInvestmentsMiscMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CorporateDepartmentsInvestmentsMiscMember" xlink:to="arl_CorporateDepartmentsInvestmentsMiscMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CorporateDepartmentsInvestmentsMiscMember_lbl" xml:lang="en-US">Corporate Departments/Investments/Misc [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TCICorporateMember" xlink:label="arl_TCICorporateMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TCICorporateMember" xlink:to="arl_TCICorporateMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TCICorporateMember_lbl" xml:lang="en-US">TCI - Corporate [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LandSoldMember" xlink:label="arl_LandSoldMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandSoldMember" xlink:to="arl_LandSoldMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LandSoldMember_lbl" xml:lang="en-US">Land Sold [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AffiliatedEntityMember" xlink:label="us-gaap_AffiliatedEntityMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AffiliatedEntityMember" xlink:to="us-gaap_AffiliatedEntityMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AffiliatedEntityMember_lbl" xml:lang="en-US">Pillar Income Asset Management, Inc [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AffiliatedEntity1Member" xlink:label="arl_AffiliatedEntity1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AffiliatedEntity1Member" xlink:to="arl_AffiliatedEntity1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AffiliatedEntity1Member_lbl" xml:lang="en-US">Regis Realty Prime, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis" xlink:to="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis_lbl" xml:lang="en-US">Receivable Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncMember" xlink:label="arl_UnifiedHousingFoundationIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncMember" xlink:to="arl_UnifiedHousingFoundationIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncMember_lbl" xml:lang="en-US">UnifiedHousingFoundationIncMember</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Comprehensive Loss [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="us-gaap_PreferredStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockMember_lbl" xml:lang="en-US">Preferred Stock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="us-gaap_TreasuryStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockMember" xlink:to="us-gaap_TreasuryStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockMember_lbl" xml:lang="en-US">Treasury Stock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US">Paid-in Capital [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsMember_lbl" xml:lang="en-US">Retained Earnings [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="us-gaap_NoncontrollingInterestMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestMember" xlink:to="us-gaap_NoncontrollingInterestMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestMember_lbl" xml:lang="en-US">Non-controlling Interest [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US">Legal Entity [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_TranscontinentialRealtyInvestorsMember" xlink:label="arl_TranscontinentialRealtyInvestorsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TranscontinentialRealtyInvestorsMember" xlink:to="arl_TranscontinentialRealtyInvestorsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TranscontinentialRealtyInvestorsMember_lbl" xml:lang="en-US">Transcontinential Realty Investors [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_EquityMethodInvestee1Member" xlink:label="arl_EquityMethodInvestee1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EquityMethodInvestee1Member" xlink:to="arl_EquityMethodInvestee1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_EquityMethodInvestee1Member_lbl" xml:lang="en-US">Income Opportunity Realty Investors, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommercialRealEstateMember" xlink:label="us-gaap_CommercialRealEstateMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommercialRealEstateMember" xlink:to="us-gaap_CommercialRealEstateMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommercialRealEstateMember_lbl" xml:lang="en-US">Commercial Real Estate [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OfficeBuildingMember" xlink:label="us-gaap_OfficeBuildingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OfficeBuildingMember" xlink:to="us-gaap_OfficeBuildingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OfficeBuildingMember_lbl" xml:lang="en-US">Office Buildings [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetailSiteMember" xlink:label="us-gaap_RetailSiteMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetailSiteMember" xlink:to="us-gaap_RetailSiteMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetailSiteMember_lbl" xml:lang="en-US">Retail Centers [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ApartmentBuildingMember" xlink:label="us-gaap_ApartmentBuildingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ApartmentBuildingMember" xlink:to="us-gaap_ApartmentBuildingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ApartmentBuildingMember_lbl" xml:lang="en-US">Apartment Buildings [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_BuildingAndBuildingImprovementsMember" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BuildingAndBuildingImprovementsMember" xlink:to="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BuildingAndBuildingImprovementsMember_lbl" xml:lang="en-US">Buildings And Improvements [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MachineryAndEquipmentMember" xlink:label="us-gaap_MachineryAndEquipmentMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MachineryAndEquipmentMember" xlink:to="us-gaap_MachineryAndEquipmentMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MachineryAndEquipmentMember_lbl" xml:lang="en-US">Furniture, Fixtures And Equipment [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="us-gaap_GuaranteeObligationsByNatureAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsByNatureAxis" xlink:to="us-gaap_GuaranteeObligationsByNatureAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsByNatureAxis_lbl" xml:lang="en-US">Guarantor Obligations, Nature [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_FinancialGuarantee1Member" xlink:label="arl_FinancialGuarantee1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_FinancialGuarantee1Member" xlink:to="arl_FinancialGuarantee1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_FinancialGuarantee1Member_lbl" xml:lang="en-US">UHF Debt Guarantee [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationCaseAxis" xlink:label="us-gaap_LitigationCaseAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationCaseAxis" xlink:to="us-gaap_LitigationCaseAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LitigationCaseAxis_lbl" xml:lang="en-US">Litigation Case [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ClapperPartiesMember" xlink:label="arl_ClapperPartiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ClapperPartiesMember" xlink:to="arl_ClapperPartiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ClapperPartiesMember_lbl" xml:lang="en-US">ART and ART Midwest, Inc. Litigation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationStatusAxis" xlink:label="us-gaap_LitigationStatusAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationStatusAxis" xlink:to="us-gaap_LitigationStatusAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LitigationStatusAxis_lbl" xml:lang="en-US">Litigation Status [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JudicialRulingMember" xlink:label="us-gaap_JudicialRulingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_JudicialRulingMember" xlink:to="us-gaap_JudicialRulingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_JudicialRulingMember_lbl" xml:lang="en-US">Dynex Capital, Inc.Litigation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BasicEntityMember" xlink:label="arl_BasicEntityMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BasicEntityMember" xlink:to="arl_BasicEntityMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BasicEntityMember_lbl" xml:lang="en-US">Basic Capital Management, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_EquityMethodInvestee4Member" xlink:label="arl_EquityMethodInvestee4Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EquityMethodInvestee4Member" xlink:to="arl_EquityMethodInvestee4Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_EquityMethodInvestee4Member_lbl" xml:lang="en-US">American Reality Trust, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RAIMember" xlink:label="arl_RAIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RAIMember" xlink:to="arl_RAIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RAIMember_lbl" xml:lang="en-US">RAI [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_JuniorLoansMember" xlink:label="us-gaap_JuniorLoansMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_JuniorLoansMember" xlink:to="us-gaap_JuniorLoansMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_JuniorLoansMember_lbl" xml:lang="en-US">Mortgage Loans [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateLoanTypeAxis" xlink:label="us-gaap_MortgageLoansOnRealEstateLoanTypeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateLoanTypeAxis" xlink:to="us-gaap_MortgageLoansOnRealEstateLoanTypeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateLoanTypeAxis_lbl" xml:lang="en-US">Mortgage Loans on Real Estate, Loan Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ChristineTunneyMember" xlink:label="arl_ChristineTunneyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ChristineTunneyMember" xlink:to="arl_ChristineTunneyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ChristineTunneyMember_lbl" xml:lang="en-US">Christine Tunney [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis" xlink:to="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis_lbl" xml:lang="en-US">Mortgage Loans on Real Estate, Description, Loan Category [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" xlink:label="arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" xlink:to="arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember_lbl" xml:lang="en-US">Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ComptonPartnersMember" xlink:label="arl_ComptonPartnersMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ComptonPartnersMember" xlink:to="arl_ComptonPartnersMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ComptonPartnersMember_lbl" xml:lang="en-US">Compton Partners [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DavidMonierMember" xlink:label="arl_DavidMonierMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DavidMonierMember" xlink:to="arl_DavidMonierMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DavidMonierMember_lbl" xml:lang="en-US">David Monier [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_EarlSamsonIIIMember" xlink:label="arl_EarlSamsonIIIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EarlSamsonIIIMember" xlink:to="arl_EarlSamsonIIIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_EarlSamsonIIIMember_lbl" xml:lang="en-US">Earl Samson III [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_EdwardSamsonIIIMember" xlink:label="arl_EdwardSamsonIIIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EdwardSamsonIIIMember" xlink:to="arl_EdwardSamsonIIIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_EdwardSamsonIIIMember_lbl" xml:lang="en-US">Edward Samson III [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_H198LLCMember" xlink:label="arl_H198LLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_H198LLCMember" xlink:to="arl_H198LLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_H198LLCMember_lbl" xml:lang="en-US">H198, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LasVegasLandMember" xlink:label="arl_LasVegasLandMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LasVegasLandMember" xlink:to="arl_LasVegasLandMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LasVegasLandMember_lbl" xml:lang="en-US">Las Vegas Land [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_HammonOperatingCorporationMember" xlink:label="arl_HammonOperatingCorporationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HammonOperatingCorporationMember" xlink:to="arl_HammonOperatingCorporationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_HammonOperatingCorporationMember_lbl" xml:lang="en-US">Hammon Operating Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_HaroldWolfeMember" xlink:label="arl_HaroldWolfeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HaroldWolfeMember" xlink:to="arl_HaroldWolfeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_HaroldWolfeMember_lbl" xml:lang="en-US">Harold Wolfe [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_HerrickPartnersMember" xlink:label="arl_HerrickPartnersMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HerrickPartnersMember" xlink:to="arl_HerrickPartnersMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_HerrickPartnersMember_lbl" xml:lang="en-US">Herrick Partners [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MaryAnnaMacLeanMember" xlink:label="arl_MaryAnnaMacLeanMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MaryAnnaMacLeanMember" xlink:to="arl_MaryAnnaMacLeanMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MaryAnnaMacLeanMember_lbl" xml:lang="en-US">Mary Anna MacLean [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MichaelMonierMember" xlink:label="arl_MichaelMonierMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MichaelMonierMember" xlink:to="arl_MichaelMonierMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MichaelMonierMember_lbl" xml:lang="en-US">Michael Monier [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MichaleWitteMember" xlink:label="arl_MichaleWitteMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MichaleWitteMember" xlink:to="arl_MichaleWitteMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MichaleWitteMember_lbl" xml:lang="en-US">Michale Witte [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PalmerBrownMaddenMember" xlink:label="arl_PalmerBrownMaddenMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PalmerBrownMaddenMember" xlink:to="arl_PalmerBrownMaddenMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PalmerBrownMaddenMember_lbl" xml:lang="en-US">Palmer Brown Madden [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RichardSchmaltzMember" xlink:label="arl_RichardSchmaltzMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RichardSchmaltzMember" xlink:to="arl_RichardSchmaltzMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RichardSchmaltzMember_lbl" xml:lang="en-US">Richard Schmaltz [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RobertBaylisMember" xlink:label="arl_RobertBaylisMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RobertBaylisMember" xlink:to="arl_RobertBaylisMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RobertBaylisMember_lbl" xml:lang="en-US">Robert Baylis [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ShermanBullMember" xlink:label="arl_ShermanBullMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ShermanBullMember" xlink:to="arl_ShermanBullMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ShermanBullMember_lbl" xml:lang="en-US">Sherman Bull [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncEchoStationMember" xlink:label="arl_UnifiedHousingFoundationIncEchoStationMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncEchoStationMember" xlink:to="arl_UnifiedHousingFoundationIncEchoStationMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncEchoStationMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Echo Station) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofTempleLLCMember" xlink:label="arl_InterestinUHofTempleLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofTempleLLCMember" xlink:to="arl_InterestinUHofTempleLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofTempleLLCMember_lbl" xml:lang="en-US">100% Interest in UH of Temple, LLC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncEchoStationMember" xlink:to="arl_UnifiedHousingFoundationIncEchoStationMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_UnifiedHousingFoundationIncEchoStationMember_2_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember" xlink:label="arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember" xlink:to="arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Inwood on the Park/UH of Inwood,LLC) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofInwoodLLCMember" xlink:label="arl_InterestinUHofInwoodLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofInwoodLLCMember" xlink:to="arl_InterestinUHofInwoodLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofInwoodLLCMember_lbl" xml:lang="en-US">100% Interest in UH of Inwood, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember" xlink:label="arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember" xlink:to="arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Kensington Park/UH of Kensington,LLC) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofKensingtonLLCMember" xlink:label="arl_InterestinUHofKensingtonLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofKensingtonLLCMember" xlink:to="arl_InterestinUHofKensingtonLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofKensingtonLLCMember_lbl" xml:lang="en-US">100% Interest in UH of Kensington, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember" xlink:to="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) (31.5% of cash flow) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUnifiedHousingFoundationIncMember" xlink:label="arl_InterestinUnifiedHousingFoundationIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUnifiedHousingFoundationIncMember" xlink:to="arl_InterestinUnifiedHousingFoundationIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUnifiedHousingFoundationIncMember_lbl" xml:lang="en-US">Interest in Unified Housing Foundation Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinHFSofHumbleLLCMember" xlink:label="arl_InterestinHFSofHumbleLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinHFSofHumbleLLCMember" xlink:to="arl_InterestinHFSofHumbleLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinHFSofHumbleLLCMember_lbl" xml:lang="en-US">100% Interest in HFS of Humble, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncLimestoneRanchMember" xlink:label="arl_UnifiedHousingFoundationIncLimestoneRanchMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneRanchMember" xlink:to="arl_UnifiedHousingFoundationIncLimestoneRanchMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncLimestoneRanchMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Ranch) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofVistaRidgeLLCMember" xlink:label="arl_InterestinUHofVistaRidgeLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofVistaRidgeLLCMember" xlink:to="arl_InterestinUHofVistaRidgeLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofVistaRidgeLLCMember_lbl" xml:lang="en-US">100% Interest in UH of Vista Ridge, LLC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneRanchMember" xlink:to="arl_UnifiedHousingFoundationIncLimestoneRanchMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_UnifiedHousingFoundationIncLimestoneRanchMember_2_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. #1 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember" xlink:to="arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Reserve at White Rock I) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofHarvestHillILLCMember" xlink:label="arl_InterestinUHofHarvestHillILLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofHarvestHillILLCMember" xlink:to="arl_InterestinUHofHarvestHillILLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofHarvestHillILLCMember_lbl" xml:lang="en-US">100% Interest in UH of Harvest Hill I, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember" xlink:to="arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Reserve at White Rock II) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofHarvestHillLLCMember" xlink:label="arl_InterestinUHofHarvestHillLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofHarvestHillLLCMember" xlink:to="arl_InterestinUHofHarvestHillLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofHarvestHillLLCMember_lbl" xml:lang="en-US">100% Interest in UH of Harvest Hill, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncTimbersofTerrellMember" xlink:label="arl_UnifiedHousingFoundationIncTimbersofTerrellMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTimbersofTerrellMember" xlink:to="arl_UnifiedHousingFoundationIncTimbersofTerrellMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncTimbersofTerrellMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Timbers of Terrell) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofTerrellLLCMember" xlink:label="arl_InterestinUHofTerrellLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofTerrellLLCMember" xlink:to="arl_InterestinUHofTerrellLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofTerrellLLCMember_lbl" xml:lang="en-US">100% Interest in UH of Terrell, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncTivoliMember" xlink:label="arl_UnifiedHousingFoundationIncTivoliMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTivoliMember" xlink:to="arl_UnifiedHousingFoundationIncTivoliMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncTivoliMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Tivoli) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofTivoliLLCMember" xlink:label="arl_InterestinUHofTivoliLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofTivoliLLCMember" xlink:to="arl_InterestinUHofTivoliLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofTivoliLLCMember_lbl" xml:lang="en-US">100% Interest in UH of Tivoli, LLC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTivoliMember" xlink:to="arl_UnifiedHousingFoundationIncTivoliMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_UnifiedHousingFoundationIncTivoliMember_2_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember" xlink:label="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember" xlink:to="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Trails at White Rock) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestinUHofHarvestHillIIILLCMember" xlink:label="arl_InterestinUHofHarvestHillIIILLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofHarvestHillIIILLCMember" xlink:to="arl_InterestinUHofHarvestHillIIILLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestinUHofHarvestHillIIILLCMember_lbl" xml:lang="en-US">100% Interest in UH of Harvest Hill III, LLC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember" xlink:to="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember_2_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WilliamHIngramMember" xlink:label="arl_WilliamHIngramMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WilliamHIngramMember" xlink:to="arl_WilliamHIngramMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WilliamHIngramMember_lbl" xml:lang="en-US">William H. Ingram [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WilliamSUrkielMember" xlink:label="arl_WilliamSUrkielMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WilliamSUrkielMember" xlink:to="arl_WilliamSUrkielMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WilliamSUrkielMember_lbl" xml:lang="en-US">William S. Urkiel [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_WillinghamRevocableTrustMember" xlink:label="arl_WillinghamRevocableTrustMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WillinghamRevocableTrustMember" xlink:to="arl_WillinghamRevocableTrustMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_WillinghamRevocableTrustMember_lbl" xml:lang="en-US">Willingham Revocable Trust [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VariousRelatedPartyNotesMember" xlink:label="arl_VariousRelatedPartyNotesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousRelatedPartyNotesMember" xlink:to="arl_VariousRelatedPartyNotesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VariousRelatedPartyNotesMember_lbl" xml:lang="en-US">Various Related Party Notes [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VariousNonRelatedPartyNotesMember" xlink:label="arl_VariousNonRelatedPartyNotesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousNonRelatedPartyNotesMember" xlink:to="arl_VariousNonRelatedPartyNotesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VariousNonRelatedPartyNotesMember_lbl" xml:lang="en-US">Various Non-Related Party Notes [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnsecuredDebtMember" xlink:label="us-gaap_UnsecuredDebtMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="us-gaap_UnsecuredDebtMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_UnsecuredDebtMember_lbl" xml:lang="en-US">Mortgage Loans [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LemanDevelopmentLtd1Member" xlink:label="arl_LemanDevelopmentLtd1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LemanDevelopmentLtd1Member" xlink:to="arl_LemanDevelopmentLtd1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LemanDevelopmentLtd1Member_lbl" xml:lang="en-US">Leman Development, Ltd. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OneRealcoCorporation1Member" xlink:label="arl_OneRealcoCorporation1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OneRealcoCorporation1Member" xlink:to="arl_OneRealcoCorporation1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OneRealcoCorporation1Member_lbl" xml:lang="en-US">One Realco Corporation [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OulanChikhFamilyTrustMember" xlink:label="arl_OulanChikhFamilyTrustMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OulanChikhFamilyTrustMember" xlink:to="arl_OulanChikhFamilyTrustMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OulanChikhFamilyTrustMember_lbl" xml:lang="en-US">Oulan-Chikh Family Trust [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealtyAdvisorsManagementIncMember" xlink:label="arl_RealtyAdvisorsManagementIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealtyAdvisorsManagementIncMember" xlink:to="arl_RealtyAdvisorsManagementIncMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealtyAdvisorsManagementIncMember_lbl" xml:lang="en-US">Realty Advisors Management, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member" xlink:to="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) (68.5% of cash flow) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationInc5Member" xlink:label="arl_UnifiedHousingFoundationInc5Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc5Member" xlink:to="arl_UnifiedHousingFoundationInc5Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationInc5Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncMember" xlink:to="arl_UnifiedHousingFoundationIncMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_UnifiedHousingFoundationIncMember_2_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationInc1Member" xlink:label="arl_UnifiedHousingFoundationInc1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc1Member" xlink:to="arl_UnifiedHousingFoundationInc1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_UnifiedHousingFoundationInc1Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VariousRelatedPartyNotes1Member" xlink:label="arl_VariousRelatedPartyNotes1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousRelatedPartyNotes1Member" xlink:to="arl_VariousRelatedPartyNotes1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_VariousRelatedPartyNotes1Member_lbl" xml:lang="en-US">Various Related Party Notes [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VariousNonRelatedPartyNotes1Member" xlink:label="arl_VariousNonRelatedPartyNotes1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousNonRelatedPartyNotes1Member" xlink:to="arl_VariousNonRelatedPartyNotes1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_VariousNonRelatedPartyNotes1Member_lbl" xml:lang="en-US">Various Non-Related Party Notes [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FinancialInstrumentPerformanceStatusAxis" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentPerformanceStatusAxis" xlink:to="us-gaap_FinancialInstrumentPerformanceStatusAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentPerformanceStatusAxis_lbl" xml:lang="en-US">Financial Instrument Performance Status [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PerformingFinancingReceivableMember" xlink:label="us-gaap_PerformingFinancingReceivableMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PerformingFinancingReceivableMember" xlink:to="us-gaap_PerformingFinancingReceivableMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PerformingFinancingReceivableMember_lbl" xml:lang="en-US">Performing Loans [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_H198LLCLasVegasLandMember" xlink:label="arl_H198LLCLasVegasLandMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_H198LLCLasVegasLandMember" xlink:to="arl_H198LLCLasVegasLandMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_H198LLCLasVegasLandMember_lbl" xml:lang="en-US">H198, LLC (Las Vegas Land) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LemanDevelopmentLtdMember" xlink:label="arl_LemanDevelopmentLtdMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LemanDevelopmentLtdMember" xlink:to="arl_LemanDevelopmentLtdMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LemanDevelopmentLtdMember_lbl" xml:lang="en-US">Leman Development, Ltd [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncCliffsofElDoradoMember" xlink:label="arl_UnifiedHousingFoundationIncCliffsofElDoradoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncCliffsofElDoradoMember" xlink:to="arl_UnifiedHousingFoundationIncCliffsofElDoradoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncCliffsofElDoradoMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Cliffs of El Dorado)</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncInwoodontheParkMember" xlink:label="arl_UnifiedHousingFoundationIncInwoodontheParkMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncInwoodontheParkMember" xlink:to="arl_UnifiedHousingFoundationIncInwoodontheParkMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncInwoodontheParkMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Inwood on the Park) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncKensingtonParkMember" xlink:label="arl_UnifiedHousingFoundationIncKensingtonParkMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncKensingtonParkMember" xlink:to="arl_UnifiedHousingFoundationIncKensingtonParkMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncKensingtonParkMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Kensington Park) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncLakeshoreVillasMember" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLakeshoreVillasMember" xlink:to="arl_UnifiedHousingFoundationIncLakeshoreVillasMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Lakeshore Villas #1) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncLakeshoreVillas1Member" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillas1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLakeshoreVillas1Member" xlink:to="arl_UnifiedHousingFoundationIncLakeshoreVillas1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillas1Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Lakeshore Villas #2) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncLimestoneCanyonMember" xlink:label="arl_UnifiedHousingFoundationIncLimestoneCanyonMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneCanyonMember" xlink:to="arl_UnifiedHousingFoundationIncLimestoneCanyonMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncLimestoneCanyonMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Canyon #1) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncLimestoneCanyon1Member" xlink:label="arl_UnifiedHousingFoundationIncLimestoneCanyon1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneCanyon1Member" xlink:to="arl_UnifiedHousingFoundationIncLimestoneCanyon1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncLimestoneCanyon1Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Canyon #2) [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneRanchMember" xlink:to="arl_UnifiedHousingFoundationIncLimestoneRanchMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="arl_UnifiedHousingFoundationIncLimestoneRanchMember_3_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Ranch #1) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncLimestoneRanch1Member" xlink:label="arl_UnifiedHousingFoundationIncLimestoneRanch1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneRanch1Member" xlink:to="arl_UnifiedHousingFoundationIncLimestoneRanch1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncLimestoneRanch1Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Ranch #2) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncParksideCrossingMember" xlink:label="arl_UnifiedHousingFoundationIncParksideCrossingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncParksideCrossingMember" xlink:to="arl_UnifiedHousingFoundationIncParksideCrossingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncParksideCrossingMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Parkside Crossing) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember" xlink:to="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member" xlink:to="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncSenderoRidgeMember" xlink:label="arl_UnifiedHousingFoundationIncSenderoRidgeMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncSenderoRidgeMember" xlink:to="arl_UnifiedHousingFoundationIncSenderoRidgeMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncSenderoRidgeMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Sendero Ridge #1) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncSenderoRidge1Member" xlink:label="arl_UnifiedHousingFoundationIncSenderoRidge1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncSenderoRidge1Member" xlink:to="arl_UnifiedHousingFoundationIncSenderoRidge1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncSenderoRidge1Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Sendero Ridge #2) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationIncTimbersattheParkMember" xlink:label="arl_UnifiedHousingFoundationIncTimbersattheParkMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTimbersattheParkMember" xlink:to="arl_UnifiedHousingFoundationIncTimbersattheParkMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_UnifiedHousingFoundationIncTimbersattheParkMember_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. (Timbers of Terrell) [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc1Member" xlink:to="arl_UnifiedHousingFoundationInc1Member_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationInc1Member_2_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. #1 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationInc2Member" xlink:label="arl_UnifiedHousingFoundationInc2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc2Member" xlink:to="arl_UnifiedHousingFoundationInc2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationInc2Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. #2 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationInc3Member" xlink:label="arl_UnifiedHousingFoundationInc3Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc3Member" xlink:to="arl_UnifiedHousingFoundationInc3Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationInc3Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. #3 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationInc4Member" xlink:label="arl_UnifiedHousingFoundationInc4Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc4Member" xlink:to="arl_UnifiedHousingFoundationInc4Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationInc4Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. #4 [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc5Member" xlink:to="arl_UnifiedHousingFoundationInc5Member_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_UnifiedHousingFoundationInc5Member_2_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. #5 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnifiedHousingFoundationInc6Member" xlink:label="arl_UnifiedHousingFoundationInc6Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc6Member" xlink:to="arl_UnifiedHousingFoundationInc6Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationInc6Member_lbl" xml:lang="en-US">Unified Housing Foundation, Inc. #6 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OtherRelatedPartyNotesMember" xlink:label="arl_OtherRelatedPartyNotesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherRelatedPartyNotesMember" xlink:to="arl_OtherRelatedPartyNotesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OtherRelatedPartyNotesMember_lbl" xml:lang="en-US">Other Related Party Notes #1 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OtherRelatedPartyNotes1Member" xlink:label="arl_OtherRelatedPartyNotes1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherRelatedPartyNotes1Member" xlink:to="arl_OtherRelatedPartyNotes1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OtherRelatedPartyNotes1Member_lbl" xml:lang="en-US">Other Related Party Notes #2 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OtherNonRelatedPartyNotesMember" xlink:label="arl_OtherNonRelatedPartyNotesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherNonRelatedPartyNotesMember" xlink:to="arl_OtherNonRelatedPartyNotesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OtherNonRelatedPartyNotesMember_lbl" xml:lang="en-US">Other Non-Related Party Notes #1 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OtherNonRelatedPartyNotes1Member" xlink:label="arl_OtherNonRelatedPartyNotes1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherNonRelatedPartyNotes1Member" xlink:to="arl_OtherNonRelatedPartyNotes1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OtherNonRelatedPartyNotes1Member_lbl" xml:lang="en-US">Other Non-Related Party Notes #2 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SecondMortgageMember" xlink:label="us-gaap_SecondMortgageMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecondMortgageMember" xlink:to="us-gaap_SecondMortgageMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecondMortgageMember_lbl" xml:lang="en-US">Junior Mortgage Loans [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SeriesKPreferredStockMember" xlink:label="arl_SeriesKPreferredStockMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SeriesKPreferredStockMember" xlink:to="arl_SeriesKPreferredStockMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SeriesKPreferredStockMember_lbl" xml:lang="en-US">Series K Cumulative Preferred Stock [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="us-gaap_SubsequentEventTypeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventTypeAxis_lbl" xml:lang="en-US">Subsequent Event Type [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US">Subsequent Event [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NonperformingFinancingReceivableMember" xlink:label="us-gaap_NonperformingFinancingReceivableMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonperformingFinancingReceivableMember" xlink:to="us-gaap_NonperformingFinancingReceivableMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonperformingFinancingReceivableMember_lbl" xml:lang="en-US">Nonperforming Loans [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansReceivableMember" xlink:label="us-gaap_LoansReceivableMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansReceivableMember" xlink:to="us-gaap_LoansReceivableMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LoansReceivableMember_lbl" xml:lang="en-US">One Realco Corp [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LoansReceivable1Member" xlink:label="arl_LoansReceivable1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LoansReceivable1Member" xlink:to="arl_LoansReceivable1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LoansReceivable1Member_lbl" xml:lang="en-US">Realty Advisors Mgmt [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NonconvertibleDebenturesMember" xlink:label="arl_NonconvertibleDebenturesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NonconvertibleDebenturesMember" xlink:to="arl_NonconvertibleDebenturesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NonconvertibleDebenturesMember_lbl" xml:lang="en-US">Nonconvertible Series A Bonds [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CurrencyAxis" xlink:label="us-gaap_CurrencyAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrencyAxis" xlink:to="us-gaap_CurrencyAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrencyAxis_lbl" xml:lang="en-US">Currency [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_ILS" xlink:label="currency_ILS" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_ILS" xlink:to="currency_ILS_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_ILS_lbl" xml:lang="en-US">Israel Shekel [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NonconvertibleDebenturesAMember" xlink:label="arl_NonconvertibleDebenturesAMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NonconvertibleDebenturesAMember" xlink:to="arl_NonconvertibleDebenturesAMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_NonconvertibleDebenturesAMember_lbl" xml:lang="en-US">Nonconvertible Series A Bonds [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SeriesBBondsMember" xlink:label="arl_SeriesBBondsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SeriesBBondsMember" xlink:to="arl_SeriesBBondsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SeriesBBondsMember_lbl" xml:lang="en-US">Series B Bonds [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_JointVentureMember" xlink:label="arl_JointVentureMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_JointVentureMember" xlink:to="arl_JointVentureMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_JointVentureMember_lbl" xml:lang="en-US">Joint Venture [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MacquireMember" xlink:label="arl_MacquireMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MacquireMember" xlink:to="arl_MacquireMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MacquireMember_lbl" xml:lang="en-US">Macquire [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ChiefExecutiveOfficerMember" xlink:label="us-gaap_ChiefExecutiveOfficerMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ChiefExecutiveOfficerMember" xlink:to="us-gaap_ChiefExecutiveOfficerMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ChiefExecutiveOfficerMember_lbl" xml:lang="en-US">Chief Executive Officer [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DocumentAndEntityInformationAbstract" xlink:label="arl_DocumentAndEntityInformationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DocumentAndEntityInformationAbstract" xlink:to="arl_DocumentAndEntityInformationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DocumentAndEntityInformationAbstract_lbl" xml:lang="en-US">Document And Entity Information</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2014/dei-2014-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity a Well-known Seasoned Issuer</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity a Voluntary Filer</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity's Reporting Status Current</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_EntityCommonStockHeldByNonaffiliates" xlink:label="arl_EntityCommonStockHeldByNonaffiliates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EntityCommonStockHeldByNonaffiliates" xlink:to="arl_EntityCommonStockHeldByNonaffiliates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_EntityCommonStockHeldByNonaffiliates_lbl" xml:lang="en-US">Entity Common Stock, Shares held by Nonaffiliates</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US">Statement of Financial Position [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US">Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInvestmentsOther" xlink:label="us-gaap_RealEstateInvestmentsOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentsOther" xlink:to="us-gaap_RealEstateInvestmentsOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentsOther_lbl" xml:lang="en-US">Real estate, at cost</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateheldForSaleNet" xlink:label="arl_RealEstateheldForSaleNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateheldForSaleNet" xlink:to="arl_RealEstateheldForSaleNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateheldForSaleNet_lbl" xml:lang="en-US">Real estate subject to sales contracts at cost, net of depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:to="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_lbl" xml:lang="en-US">Less accumulated depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="us-gaap_RealEstateInvestmentPropertyNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNet" xlink:to="us-gaap_RealEstateInvestmentPropertyNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_lbl" xml:lang="en-US">Total real estate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsAndNotesReceivableNetAbstract" xlink:label="us-gaap_AccountsAndNotesReceivableNetAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsAndNotesReceivableNetAbstract" xlink:to="us-gaap_AccountsAndNotesReceivableNetAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsAndNotesReceivableNetAbstract_lbl" xml:lang="en-US">Notes and interest receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PerformingNotesAndInterestReceivable" xlink:label="arl_PerformingNotesAndInterestReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PerformingNotesAndInterestReceivable" xlink:to="arl_PerformingNotesAndInterestReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PerformingNotesAndInterestReceivable_lbl" xml:lang="en-US">Performing (including $69,320 in 2017 and $125,799 in 2016 from related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NonperformingNotesAndInterestReceivable" xlink:label="arl_NonperformingNotesAndInterestReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NonperformingNotesAndInterestReceivable" xlink:to="arl_NonperformingNotesAndInterestReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NonperformingNotesAndInterestReceivable_lbl" xml:lang="en-US">Non-Performing (including $30,090 in 2017 from related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesRealEstate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRealEstate_lbl" xml:lang="en-US">Less allowance for estimated losses (including $14,269 in 2017 and $15,537 in 2016 from related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstate" xlink:label="us-gaap_MortgageLoansOnRealEstate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstate" xlink:to="us-gaap_MortgageLoansOnRealEstate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_MortgageLoansOnRealEstate_lbl" xml:lang="en-US">Total notes and interest receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashEquivalentsAtCarryingValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashEquivalentsAtCarryingValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="us-gaap_RestrictedCashAndCashEquivalents" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalents" xlink:to="us-gaap_RestrictedCashAndCashEquivalents_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Restricted cash</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:to="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_lbl" xml:lang="en-US">Investments in unconsolidated subsidiaries and investees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DueFromRelatedParties" xlink:label="us-gaap_DueFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedParties" xlink:to="us-gaap_DueFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueFromRelatedParties_lbl" xml:lang="en-US">Receivable from related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="us-gaap_OtherAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssets_lbl" xml:lang="en-US">Other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">Total assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">Liabilities and Shareholders' Equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="us-gaap_LiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesAndLoansPayable" xlink:label="us-gaap_NotesAndLoansPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesAndLoansPayable" xlink:to="us-gaap_NotesAndLoansPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesAndLoansPayable_lbl" xml:lang="en-US">Notes and interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NotesRelatedToAssetsHeldForSale" xlink:label="arl_NotesRelatedToAssetsHeldForSale" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesRelatedToAssetsHeldForSale" xlink:to="arl_NotesRelatedToAssetsHeldForSale_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NotesRelatedToAssetsHeldForSale_lbl" xml:lang="en-US">Notes related to assets held for sale</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NotesRelatedToAssetsSubjectToSalesContracts" xlink:label="arl_NotesRelatedToAssetsSubjectToSalesContracts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesRelatedToAssetsSubjectToSalesContracts" xlink:to="arl_NotesRelatedToAssetsSubjectToSalesContracts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NotesRelatedToAssetsSubjectToSalesContracts_lbl" xml:lang="en-US">Notes related to assets subject to sales contracts</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestAndDividendsPayableCurrent" xlink:label="us-gaap_InterestAndDividendsPayableCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDividendsPayableCurrent" xlink:to="us-gaap_InterestAndDividendsPayableCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestAndDividendsPayableCurrent_lbl" xml:lang="en-US">Bonds and interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="us-gaap_DeferredRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenue" xlink:to="us-gaap_DeferredRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredRevenue_lbl" xml:lang="en-US">Deferred revenue (including $56,887 in 2017 and $70,935 in 2016 from sales to related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AccountsPayableAndOtherAccruedLiabilities" xlink:label="us-gaap_AccountsPayableAndOtherAccruedLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndOtherAccruedLiabilities" xlink:to="us-gaap_AccountsPayableAndOtherAccruedLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableAndOtherAccruedLiabilities_lbl" xml:lang="en-US">Accounts payable and other liabilities (including $11,893 in 2017 and $10,854 in 2016 to related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US">Total Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US">Shareholders' equity:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockValue_lbl" xml:lang="en-US">Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 2,000,614 shares in 2017 and 2016 (liquidation preference $10 per share), including 900,000 shares in 2017 and 2016 held by ARL</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common stock, $0.01 par value, authorized 100,000,000 shares; issued 15,930,145 shares and outstanding 15,514,360 shares in 2017 and 2016, including 140,000 shares held by TCI (consolidated) in 2017 and 2016</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="us-gaap_TreasuryStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValue" xlink:to="us-gaap_TreasuryStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_TreasuryStockValue_lbl" xml:lang="en-US">Treasury stock at cost; 415,785 shares in 2017 and 2016, and 140,000 shares held by TCI (consolidated) as of 2017 and 2016</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="us-gaap_AdditionalPaidInCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapital_lbl" xml:lang="en-US">Paid-in capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained earnings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Total American Realty Investors, Inc. shareholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterest" xlink:label="us-gaap_MinorityInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterest" xlink:to="us-gaap_MinorityInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterest_lbl" xml:lang="en-US">Non-controlling interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Total equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US">Total liabilities and equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US">Statement [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US">Statement [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PerformingNotesAndInterestReceivable" xlink:to="arl_PerformingNotesAndInterestReceivable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_PerformingNotesAndInterestReceivable_2_lbl" xml:lang="en-US">Performing</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NonperformingNotesAndInterestReceivable" xlink:to="arl_NonperformingNotesAndInterestReceivable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_NonperformingNotesAndInterestReceivable_2_lbl" xml:lang="en-US">Non-Performing</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForLoanAndLeaseLossesRealEstate" xlink:to="us-gaap_AllowanceForLoanAndLeaseLossesRealEstate_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllowanceForLoanAndLeaseLossesRealEstate_2_lbl" xml:lang="en-US">Allowance for doubtful accounts</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenue" xlink:to="us-gaap_DeferredRevenue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DeferredRevenue_2_lbl" xml:lang="en-US">Deferred revenue from sales to related parties</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndOtherAccruedLiabilities" xlink:to="us-gaap_AccountsPayableAndOtherAccruedLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AccountsPayableAndOtherAccruedLiabilities_2_lbl" xml:lang="en-US">Accounts payable and other liabilities to related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockParOrStatedValuePerShare" xlink:to="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Series A Preferred stock, par value (in dollars per share)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="us-gaap_PreferredStockSharesAuthorized" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesAuthorized" xlink:to="us-gaap_PreferredStockSharesAuthorized_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesAuthorized_lbl" xml:lang="en-US">Series A Preferred stock, authorized (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="us-gaap_PreferredStockSharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesIssued" xlink:to="us-gaap_PreferredStockSharesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesIssued_lbl" xml:lang="en-US">Series A Preferred stock, issued (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="us-gaap_PreferredStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockSharesOutstanding" xlink:to="us-gaap_PreferredStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockSharesOutstanding_lbl" xml:lang="en-US">Series A Preferred stock, outstanding (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="us-gaap_PreferredStockLiquidationPreference" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockLiquidationPreference" xlink:to="us-gaap_PreferredStockLiquidationPreference_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockLiquidationPreference_lbl" xml:lang="en-US">Series A Preferred stock, liquidation preference (in dollars per share)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US">Common stock, par value (in dollars per share)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US">Common stock, authorized (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US">Common stock, issued (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US">Common stock, outstanding (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SharesHeldBySubsidiaries" xlink:label="arl_SharesHeldBySubsidiaries" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SharesHeldBySubsidiaries" xlink:to="arl_SharesHeldBySubsidiaries_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SharesHeldBySubsidiaries_lbl" xml:lang="en-US">Shares held by subsidiaries (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_TreasuryStockShares" xlink:label="us-gaap_TreasuryStockShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockShares" xlink:to="us-gaap_TreasuryStockShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockShares_lbl" xml:lang="en-US">Treasury stock (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US">Income Statement [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateRevenueNetAbstract" xlink:label="us-gaap_RealEstateRevenueNetAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateRevenueNetAbstract" xlink:to="us-gaap_RealEstateRevenueNetAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateRevenueNetAbstract_lbl" xml:lang="en-US">Revenues:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="us-gaap_RealEstateRevenueNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateRevenueNet" xlink:to="us-gaap_RealEstateRevenueNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateRevenueNet_lbl" xml:lang="en-US">Rental and other property revenues (including $839, $708 and $726 for the year ended 2017, 2016 and 2015, respectively, from related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="us-gaap_CostsAndExpensesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_CostsAndExpensesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CostsAndExpensesAbstract_lbl" xml:lang="en-US">Expenses:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:to="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_lbl" xml:lang="en-US">Property operating expenses (including $959, $900 and $770 for the year ended 2017, 2016 and 2015, respectively, from related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_Depreciation" xlink:label="us-gaap_Depreciation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Depreciation" xlink:to="us-gaap_Depreciation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Depreciation_lbl" xml:lang="en-US">Depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US">General and administrative (including $3,225, $4,053 and $3,855 for the year ended 2017, 2016 and 2015, respectively, from related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ImpairmentOfRealEstate" xlink:label="us-gaap_ImpairmentOfRealEstate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOfRealEstate" xlink:to="us-gaap_ImpairmentOfRealEstate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ImpairmentOfRealEstate_lbl" xml:lang="en-US">Provision on impairment of real estate assets</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NetIncomeFeeToRelatedParty1" xlink:label="arl_NetIncomeFeeToRelatedParty1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NetIncomeFeeToRelatedParty1" xlink:to="arl_NetIncomeFeeToRelatedParty1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NetIncomeFeeToRelatedParty1_lbl" xml:lang="en-US">Net income fee to related party</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AdvisoryFeeToRelatedParty" xlink:label="arl_AdvisoryFeeToRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AdvisoryFeeToRelatedParty" xlink:to="arl_AdvisoryFeeToRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AdvisoryFeeToRelatedParty_lbl" xml:lang="en-US">Advisory fee to related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US">Total operating expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US">Operating income (loss)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract" xlink:to="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US">Other income (expense):</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="us-gaap_InterestIncomeOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeOther" xlink:to="us-gaap_InterestIncomeOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeOther_lbl" xml:lang="en-US">Interest income (including $16,298, $18,864 and $15,859 for the year ended 2017, 2016 and 2015, respectively, from related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherIncome" xlink:label="us-gaap_OtherIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncome" xlink:to="us-gaap_OtherIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIncome_lbl" xml:lang="en-US">Other income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpenseDebt" xlink:label="us-gaap_InterestExpenseDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDebt" xlink:to="us-gaap_InterestExpenseDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestExpenseDebt_lbl" xml:lang="en-US">Mortgage and loan interest (including $6,695, $5,300 and $3,774 for the year ended 2017, 2016 and 2015, respectively, from related parties)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfInvestments" xlink:label="us-gaap_GainLossOnSaleOfInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfInvestments" xlink:to="us-gaap_GainLossOnSaleOfInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfInvestments_lbl" xml:lang="en-US">Loss on the sale of investments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US">Earnings from unconsolidated subsidiaries and investees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:to="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossBeforeTax_lbl" xml:lang="en-US">Foreign currency translation loss</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LitigationSettlementAmountAwardedFromOtherParty" xlink:label="us-gaap_LitigationSettlementAmountAwardedFromOtherParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationSettlementAmountAwardedFromOtherParty" xlink:to="us-gaap_LitigationSettlementAmountAwardedFromOtherParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LitigationSettlementAmountAwardedFromOtherParty_lbl" xml:lang="en-US">Litigation settlement</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US">Total other expenses</link:label>
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      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1" xlink:label="arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1_lbl" xml:lang="en-US">Gain on sale of income-producing properties (including recognition of $14,048, $0 and $0 previously deferred gains in 2017, 2016 and 2015, respectively)</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes" xlink:to="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes_lbl" xml:lang="en-US">Gain on land sales</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_lbl" xml:lang="en-US">Loss from continuing operations before tax</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Income tax benefit (expense)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Net income (loss) from continuing operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract_lbl" xml:lang="en-US">Discontinued operations:</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax" xlink:to="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax_lbl" xml:lang="en-US">Income (loss) from discontinued operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:label="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax" xlink:to="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax_lbl" xml:lang="en-US">Gain on sale of real estate from discontinued operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:label="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:to="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_lbl" xml:lang="en-US">Income tax expense from discontinued operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_lbl" xml:lang="en-US">Net income (loss) from discontinued operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US">Net income (loss)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossAttributableToNoncontrollingInterest" xlink:label="us-gaap_IncomeLossAttributableToNoncontrollingInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossAttributableToNoncontrollingInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncomeLossAttributableToNoncontrollingInterest_lbl" xml:lang="en-US">Net (income) loss attributable to non-controlling interests</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net income (loss) attributable to American Realty Investors, Inc.</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:to="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact_lbl" xml:lang="en-US">Preferred dividend requirement</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US">Net income (loss) applicable to common shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="us-gaap_EarningsPerShareBasicAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_EarningsPerShareBasicAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAbstract_lbl" xml:lang="en-US">Earnings per share - basic</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_lbl" xml:lang="en-US">Loss from continuing operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_lbl" xml:lang="en-US">Income from discontinued operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xml:lang="en-US">Net income (loss) applicable to common shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="us-gaap_EarningsPerShareDilutedAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDilutedAbstract" xlink:to="us-gaap_EarningsPerShareDilutedAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDilutedAbstract_lbl" xml:lang="en-US">Earnings per share - diluted</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_lbl" xml:lang="en-US">Loss from continuing operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_lbl" xml:lang="en-US">Income from discontinued operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US">Net income (loss) applicable to common shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesIssuedBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesIssuedBasic" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesIssuedBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesIssuedBasic_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesIssuedBasic_lbl" xml:lang="en-US">Weighted average common shares used in computing earnings per share (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US">Weighted average common shares used in computing diluted earnings per share (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AmountsAttributableToAmericanRealtyInvestorsIncAbstract" xlink:label="arl_AmountsAttributableToAmericanRealtyInvestorsIncAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AmountsAttributableToAmericanRealtyInvestorsIncAbstract_lbl" xml:lang="en-US">Amounts attributable to American Realty Investors, Inc.</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromContinuingOperations" xlink:label="us-gaap_IncomeLossFromContinuingOperations" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperations_lbl" xml:lang="en-US">Loss from continuing operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_lbl" xml:lang="en-US">Income from discontinued operations</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_2_lbl" xml:lang="en-US">Net income (loss)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateRevenueNet" xlink:to="us-gaap_RealEstateRevenueNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateRevenueNet_2_lbl" xml:lang="en-US">Rental and other property revenues</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:to="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_2_lbl" xml:lang="en-US">Property operating expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_GeneralAndAdministrativeExpense_2_lbl" xml:lang="en-US">General and administrative</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="us-gaap_InvestmentIncomeInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xml:lang="en-US">Interest income</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDebt" xlink:to="us-gaap_InterestExpenseDebt_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpenseDebt_2_lbl" xml:lang="en-US">Mortgage and loan interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RecognitionOfDeferredRevenue" xlink:label="us-gaap_RecognitionOfDeferredRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RecognitionOfDeferredRevenue" xlink:to="us-gaap_RecognitionOfDeferredRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RecognitionOfDeferredRevenue_lbl" xml:lang="en-US">Recognition of deferred gains</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:to="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_lbl" xml:lang="en-US">Increase (Decrease) in Stockholders' Equity [Roll Forward]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_2_lbl" xml:lang="en-US">Balance, at beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_SharesOutstanding_lbl" xml:lang="en-US">Balance, at beginning (in shares)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProfitLoss_2_lbl" xml:lang="en-US">Net loss</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance" xlink:to="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_lbl" xml:lang="en-US">Contributions from non-controlling interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:to="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_lbl" xml:lang="en-US">Assumption of non-controlling interests</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest" xlink:to="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest_lbl" xml:lang="en-US">Sale of non-controlling interests</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities" xlink:to="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_lbl" xml:lang="en-US">Conversion of preferred stock into common stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:to="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_lbl" xml:lang="en-US">Conversion of preferred stock into common stock (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="us-gaap_DividendsPreferredStock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DividendsPreferredStock_lbl" xml:lang="en-US">Series A preferred stock dividend ($1.00 per share)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_3_lbl" xml:lang="en-US">Balance, at the end</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_SharesOutstanding_2_lbl" xml:lang="en-US">Balance, at the end (in shares)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US">Statement of Stockholders' Equity [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendsPerShareDeclared" xlink:to="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockDividendsPerShareDeclared_lbl" xml:lang="en-US">Series A preferred stock dividend (in dollars per share)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Statement of Cash Flows [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract_lbl" xml:lang="en-US">Cash Flow From Operating Activities:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProfitLoss_3_lbl" xml:lang="en-US">Net (loss)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to reconcile net income (loss) applicable to common shares to net cash provided by (used in) operating activities:</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes" xlink:to="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes_2_lbl" xml:lang="en-US">Gain on land sales</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfProperties" xlink:label="us-gaap_GainLossOnSaleOfProperties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfProperties" xlink:to="us-gaap_GainLossOnSaleOfProperties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainLossOnSaleOfProperties_lbl" xml:lang="en-US">Gain on sale of income-producing properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US">Depreciation and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="us-gaap_AssetImpairmentCharges" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="us-gaap_AssetImpairmentCharges_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xml:lang="en-US">Provision on impairment of notes receivable and real estate assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AmortizationOfDeferredCharges" xlink:label="us-gaap_AmortizationOfDeferredCharges" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDeferredCharges" xlink:to="us-gaap_AmortizationOfDeferredCharges_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfDeferredCharges_lbl" xml:lang="en-US">Amortization of deferred borrowing costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xml:lang="en-US">Amortization of Series A bonds issuance costs</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_IncomeLossFromEquityMethodInvestments1" xlink:label="arl_IncomeLossFromEquityMethodInvestments1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_IncomeLossFromEquityMethodInvestments1" xlink:to="arl_IncomeLossFromEquityMethodInvestments1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_IncomeLossFromEquityMethodInvestments1_lbl" xml:lang="en-US">Losses from unconsolidated subsidiaries and investees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingAssetsAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingAssetsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingAssetsAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingAssetsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingAssetsAbstract_lbl" xml:lang="en-US">(Increase) decrease in assets:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:to="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_lbl" xml:lang="en-US">Accrued interest receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Other assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:to="us-gaap_IncreaseDecreaseInPrepaidExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense_lbl" xml:lang="en-US">Prepaid expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInRestrictedCash" xlink:to="us-gaap_IncreaseDecreaseInRestrictedCash_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash_lbl" xml:lang="en-US">Escrow</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding" xlink:label="us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding" xlink:to="us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding_lbl" xml:lang="en-US">Earnest money</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInLeasingReceivables" xlink:label="us-gaap_IncreaseDecreaseInLeasingReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInLeasingReceivables" xlink:to="us-gaap_IncreaseDecreaseInLeasingReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInLeasingReceivables_lbl" xml:lang="en-US">Rent receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract_lbl" xml:lang="en-US">Increase (decrease) in liabilities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:label="us-gaap_IncreaseDecreaseInInterestPayableNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:to="us-gaap_IncreaseDecreaseInInterestPayableNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInInterestPayableNet_lbl" xml:lang="en-US">Accrued interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties_lbl" xml:lang="en-US">Related party payables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash provided by (used in) operating activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract_lbl" xml:lang="en-US">Cash Flow From Investing Activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:to="us-gaap_PaymentsForProceedsFromOtherInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForProceedsFromOtherInvestingActivities_lbl" xml:lang="en-US">Proceeds from Series A bonds payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromCollectionOfNotesReceivable" xlink:to="us-gaap_ProceedsFromCollectionOfNotesReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromCollectionOfNotesReceivable_lbl" xml:lang="en-US">Proceeds from notes receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable" xlink:label="us-gaap_PaymentsToAcquireNotesReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireNotesReceivable" xlink:to="us-gaap_PaymentsToAcquireNotesReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireNotesReceivable_lbl" xml:lang="en-US">Origination of notes receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireLand" xlink:label="us-gaap_PaymentsToAcquireLand" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireLand" xlink:to="us-gaap_PaymentsToAcquireLand_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireLand_lbl" xml:lang="en-US">Acquisition of land held for development</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromProductiveAssets" xlink:label="us-gaap_PaymentsForProceedsFromProductiveAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromProductiveAssets" xlink:to="us-gaap_PaymentsForProceedsFromProductiveAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForProceedsFromProductiveAssets_lbl" xml:lang="en-US">Acquisition of income producing properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:to="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment_lbl" xml:lang="en-US">Proceeds from sale of income producing properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromSaleOfLandHeldForUse" xlink:label="us-gaap_ProceedsFromSaleOfLandHeldForUse" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfLandHeldForUse" xlink:to="us-gaap_ProceedsFromSaleOfLandHeldForUse_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfLandHeldForUse_lbl" xml:lang="en-US">Proceeds from sale of land</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet" xlink:label="us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet" xlink:to="us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet_lbl" xml:lang="en-US">Investment in unconsolidated real estate entities</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PaymentForImprovementOfLandHeldForDevelopment" xlink:label="arl_PaymentForImprovementOfLandHeldForDevelopment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PaymentForImprovementOfLandHeldForDevelopment" xlink:to="arl_PaymentForImprovementOfLandHeldForDevelopment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_PaymentForImprovementOfLandHeldForDevelopment_lbl" xml:lang="en-US">Improvement of land held for development</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToDevelopRealEstateAssets" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToDevelopRealEstateAssets" xlink:to="us-gaap_PaymentsToDevelopRealEstateAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets_lbl" xml:lang="en-US">Improvement of income producing properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:to="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_lbl" xml:lang="en-US">Sale of non-controlling interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries" xlink:label="us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries" xlink:to="us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries_lbl" xml:lang="en-US">Sale of controlling interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireAndDevelopRealEstate" xlink:label="us-gaap_PaymentsToAcquireAndDevelopRealEstate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireAndDevelopRealEstate" xlink:to="us-gaap_PaymentsToAcquireAndDevelopRealEstate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireAndDevelopRealEstate_lbl" xml:lang="en-US">Construction and development of new properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash provided by (used in) investing activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract_lbl" xml:lang="en-US">Cash Flow From Financing Activities:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt_lbl" xml:lang="en-US">Proceeds from Series A bonds payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromNotesPayable" xlink:label="us-gaap_ProceedsFromNotesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromNotesPayable" xlink:to="us-gaap_ProceedsFromNotesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromNotesPayable_lbl" xml:lang="en-US">Proceeds from notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RecurringAmortizationOfPrincipalOnNotesPayable" xlink:label="arl_RecurringAmortizationOfPrincipalOnNotesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RecurringAmortizationOfPrincipalOnNotesPayable" xlink:to="arl_RecurringAmortizationOfPrincipalOnNotesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_RecurringAmortizationOfPrincipalOnNotesPayable_lbl" xml:lang="en-US">Recurring amortization of principal on notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RepaymentsOfNotesPayable" xlink:label="us-gaap_RepaymentsOfNotesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfNotesPayable" xlink:to="us-gaap_RepaymentsOfNotesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RepaymentsOfNotesPayable_lbl" xml:lang="en-US">Payments on maturing notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromShortTermDebt" xlink:label="us-gaap_ProceedsFromShortTermDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromShortTermDebt" xlink:to="us-gaap_ProceedsFromShortTermDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromShortTermDebt_lbl" xml:lang="en-US">Debt assumption by buyer</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_IncreaseDecreaseDeferredFinancingCosts" xlink:label="arl_IncreaseDecreaseDeferredFinancingCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_IncreaseDecreaseDeferredFinancingCosts" xlink:to="arl_IncreaseDecreaseDeferredFinancingCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_IncreaseDecreaseDeferredFinancingCosts_lbl" xml:lang="en-US">Deferred financing costs</link:label>
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" xlink:label="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_lbl" xml:lang="en-US">ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAbstract" xlink:label="us-gaap_RealEstateAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateDisclosureTextBlock" xlink:label="us-gaap_RealEstateDisclosureTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateDisclosureTextBlock_lbl" xml:lang="en-US">REAL ESTATE</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesAbstract_lbl" xml:lang="en-US">Receivables [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FinancingReceivablesTextBlock" xlink:label="us-gaap_FinancingReceivablesTextBlock" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="us-gaap_EquityMethodInvestmentsDisclosureTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentsDisclosureTextBlock_lbl" xml:lang="en-US">INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtDisclosureTextBlock" xlink:to="us-gaap_DebtDisclosureTextBlock_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xml:lang="en-US">RELATED PARTY TRANSACTIONS AND FEES</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock_lbl" xml:lang="en-US">OPERATING SEGMENTS</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract_lbl" xml:lang="en-US">Discontinued Operations and Disposal Groups [Abstract]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QuarterlyFinancialInformationDisclosureAbstract_lbl" xml:lang="en-US">Quarterly Financial Information Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_QuarterlyFinancialInformationTextBlock" xlink:label="us-gaap_QuarterlyFinancialInformationTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_QuarterlyFinancialInformationTextBlock_lbl" xml:lang="en-US">QUARTERLY RESULTS OF OPERATIONS</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US">Commitments and Contingencies Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US">COMMITMENTS, CONTINGENCIES, AND LIQUIDITY</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US">Earnings Per Share [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareTextBlock_lbl" xml:lang="en-US">EARNINGS PER SHARE</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SubsequentEventsAbstract" xlink:label="us-gaap_SubsequentEventsAbstract" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsTextBlock" xlink:to="us-gaap_SubsequentEventsTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xml:lang="en-US">SUBSEQUENT EVENTS</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureAbstract_lbl" xml:lang="en-US">SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationDisclosureTextBlock_lbl" xml:lang="en-US">REAL ESTATE AND ACCUMULATED DEPRECIATION</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateAbstract" xlink:label="us-gaap_MortgageLoansOnRealEstateAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateAbstract" xlink:to="us-gaap_MortgageLoansOnRealEstateAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateAbstract_lbl" xml:lang="en-US">Mortgage Loans on Real Estate [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateByLoanDisclosureTextBlock" xlink:label="us-gaap_MortgageLoansOnRealEstateByLoanDisclosureTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateByLoanDisclosureTextBlock_lbl" xml:lang="en-US">MORTGAGE LOANS</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xml:lang="en-US">Basis of Presentation</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstatePolicyTextBlock_lbl" xml:lang="en-US">Real estate, depreciation, and impairment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:label="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy" xlink:to="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateHeldForDevelopmentAndSalePolicy_lbl" xml:lang="en-US">Real estate held for sale</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_CapitalizationOfInternalCostsPolicy" xlink:label="us-gaap_CapitalizationOfInternalCostsPolicy" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizationOfInternalCostsPolicy_lbl" xml:lang="en-US">Cost capitalization</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueMeasurementPolicyPolicyTextBlock" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueMeasurementPolicyPolicyTextBlock_lbl" xml:lang="en-US">Fair value measurement</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RelatedPartiesPolicyTextBlock" xlink:label="arl_RelatedPartiesPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartiesPolicyTextBlock" xlink:to="arl_RelatedPartiesPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RelatedPartiesPolicyTextBlock_lbl" xml:lang="en-US">Related parties</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock_lbl" xml:lang="en-US">Recognition of revenue</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestRecognitionOnNotesReceivablePolicyTextBlock_lbl" xml:lang="en-US">Interest recognition on notes receivable</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US">Cash equivalents</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US">Use of estimates</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US">Income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_lbl" xml:lang="en-US">Recent accounting pronouncements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock" xlink:to="us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock_lbl" xml:lang="en-US">Schedule of real estate owned</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock" xlink:to="us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_lbl" xml:lang="en-US">Schedule of assets measures in recurring and non recurring basis</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock" xlink:to="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_lbl" xml:lang="en-US">Schedule of notes receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityMethodInvestmentsTextBlock" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsTextBlock" xlink:to="us-gaap_EquityMethodInvestmentsTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock_lbl" xml:lang="en-US">Schedule of investments accounted for via the equity method</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock" xlink:label="arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock" xlink:to="arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock_lbl" xml:lang="en-US">Schedule of financial position and results of operations from our investees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfDebtTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock_lbl" xml:lang="en-US">Schedule of Notes and Interest Payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock" xlink:label="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock" xlink:to="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock_lbl" xml:lang="en-US">Schedule of the principal payments on the notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BondsAndInterestPayableTablesAbstract" xlink:label="arl_BondsAndInterestPayableTablesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BondsAndInterestPayableTablesAbstract" xlink:to="arl_BondsAndInterestPayableTablesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BondsAndInterestPayableTablesAbstract_lbl" xml:lang="en-US">Bonds And Interest Payable Tables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDebtInstrumentsTextBlock" xlink:to="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDebtInstrumentsTextBlock_lbl" xml:lang="en-US">Schedule of bonds and interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_lbl" xml:lang="en-US">Schedule of principal payments on the bonds payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xml:lang="en-US">Schedule of description of the related party transactions and fees</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ScheduleOfRelatedPartyTransactions1TableTextBlock" xlink:label="arl_ScheduleOfRelatedPartyTransactions1TableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ScheduleOfRelatedPartyTransactions1TableTextBlock" xlink:to="arl_ScheduleOfRelatedPartyTransactions1TableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ScheduleOfRelatedPartyTransactions1TableTextBlock_lbl" xml:lang="en-US">Schedule reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:to="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_lbl" xml:lang="en-US">Schedule of income tax expense benefit</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock" xlink:to="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_lbl" xml:lang="en-US">Schedule of reconciliation effective tax rate on income from continuing operations and the statutory rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock" xlink:to="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_lbl" xml:lang="en-US">Schedule of components of the Net Deferred Tax Asset or Liability</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock" xlink:to="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock_lbl" xml:lang="en-US">Schedule of minimum future rents under non-cancelable operating leases</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock_lbl" xml:lang="en-US">Schedule of segment operating income including segment assets and expenditures</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock" xlink:label="us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock" xlink:to="us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock_lbl" xml:lang="en-US">Schedule of reconciliation of segment information to Consolidated Statements of Operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock" xlink:to="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_lbl" xml:lang="en-US">Schedule of reconciliation of segment information to Consolidated Balance Sheets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock" xlink:to="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_lbl" xml:lang="en-US">Schedule of revenue and expense information for the properties sold and held for sale</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock" xlink:to="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock_lbl" xml:lang="en-US">Schedule of quarterly results of operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:to="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_lbl" xml:lang="en-US">Percentage of ownership</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent_lbl" xml:lang="en-US">Ownership interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NumberOfRealEstateProperties" xlink:label="us-gaap_NumberOfRealEstateProperties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfRealEstateProperties" xlink:to="us-gaap_NumberOfRealEstateProperties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NumberOfRealEstateProperties_lbl" xml:lang="en-US">Number of income-producing properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NetRentableArea" xlink:label="us-gaap_NetRentableArea" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetRentableArea" xlink:to="us-gaap_NetRentableArea_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetRentableArea_lbl" xml:lang="en-US">Rentable square feet</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AreaOfLandComprisingGolfCourse" xlink:label="arl_AreaOfLandComprisingGolfCourse" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AreaOfLandComprisingGolfCourse" xlink:to="arl_AreaOfLandComprisingGolfCourse_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AreaOfLandComprisingGolfCourse_lbl" xml:lang="en-US">Area of land comprising golf course</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NumberOfUnitsInRealEstateProperty" xlink:label="us-gaap_NumberOfUnitsInRealEstateProperty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfUnitsInRealEstateProperty" xlink:to="us-gaap_NumberOfUnitsInRealEstateProperty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NumberOfUnitsInRealEstateProperty_lbl" xml:lang="en-US">Number of apartment units</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_AreaOfLand" xlink:label="us-gaap_AreaOfLand" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AreaOfLand" xlink:to="us-gaap_AreaOfLand_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AreaOfLand_lbl" xml:lang="en-US">Acres of land</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_ProjectsInDevelopment" xlink:label="arl_ProjectsInDevelopment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ProjectsInDevelopment" xlink:to="arl_ProjectsInDevelopment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ProjectsInDevelopment_lbl" xml:lang="en-US">Projects in development</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_lbl" xml:lang="en-US">Useful life of fixed assets</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RemainingAmortizationPeriodForDeferredFinancingCosts" xlink:label="arl_RemainingAmortizationPeriodForDeferredFinancingCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RemainingAmortizationPeriodForDeferredFinancingCosts" xlink:to="arl_RemainingAmortizationPeriodForDeferredFinancingCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RemainingAmortizationPeriodForDeferredFinancingCosts_lbl" xml:lang="en-US">Remaining amortization period for deferred financing costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets" xlink:to="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets_lbl" xml:lang="en-US">Consolidated assets of VIE's</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:to="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements_lbl" xml:lang="en-US">Apartments</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DevelopmentInProcess" xlink:label="us-gaap_DevelopmentInProcess" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DevelopmentInProcess" xlink:to="us-gaap_DevelopmentInProcess_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DevelopmentInProcess_lbl" xml:lang="en-US">Apartments under construction</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RentalProperties" xlink:label="us-gaap_RentalProperties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RentalProperties" xlink:to="us-gaap_RentalProperties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RentalProperties_lbl" xml:lang="en-US">Commercial properties</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LandAvailableForDevelopment" xlink:label="us-gaap_LandAvailableForDevelopment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LandAvailableForDevelopment" xlink:to="us-gaap_LandAvailableForDevelopment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LandAvailableForDevelopment_lbl" xml:lang="en-US">Land held for development</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateHeldforsale" xlink:label="us-gaap_RealEstateHeldforsale" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateHeldforsale" xlink:to="us-gaap_RealEstateHeldforsale_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateHeldforsale_lbl" xml:lang="en-US">Real estate subject to sales contract</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyAtCost" xlink:to="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_lbl" xml:lang="en-US">Total real estate, at cost, less impairment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciation" xlink:label="us-gaap_RealEstateAccumulatedDepreciation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciation" xlink:to="us-gaap_RealEstateAccumulatedDepreciation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_lbl" xml:lang="en-US">Less accumulated depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PropertyPlantAndEquipmentFairValueDisclosure" xlink:label="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure" xlink:to="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentFairValueDisclosure_lbl" xml:lang="en-US">Fair value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PaymentsToAcquireRealEstate" xlink:label="us-gaap_PaymentsToAcquireRealEstate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireRealEstate" xlink:to="us-gaap_PaymentsToAcquireRealEstate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireRealEstate_lbl" xml:lang="en-US">Payment to acquire properties</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AreaOfLand" xlink:to="us-gaap_AreaOfLand_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AreaOfLand_2_lbl" xml:lang="en-US">Area of land</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:label="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:to="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_lbl" xml:lang="en-US">Repayments of notes payable to related parties</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PaymentsToConstructionAndDevelopRealEstateAssets" xlink:label="arl_PaymentsToConstructionAndDevelopRealEstateAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PaymentsToConstructionAndDevelopRealEstateAssets" xlink:to="arl_PaymentsToConstructionAndDevelopRealEstateAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PaymentsToConstructionAndDevelopRealEstateAssets_lbl" xml:lang="en-US">Payment for construction or predevelopment of various apartment complexes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateInventoryCapitalizedInterestCosts" xlink:label="us-gaap_RealEstateInventoryCapitalizedInterestCosts" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInventoryCapitalizedInterestCosts" xlink:to="us-gaap_RealEstateInventoryCapitalizedInterestCosts_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInventoryCapitalizedInterestCosts_lbl" xml:lang="en-US">Capitalized interest costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateGrossAtCarryingValue" xlink:label="us-gaap_RealEstateGrossAtCarryingValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateGrossAtCarryingValue" xlink:to="us-gaap_RealEstateGrossAtCarryingValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_lbl" xml:lang="en-US">Real estate carrying value</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife_2_lbl" xml:lang="en-US">Useful life</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoanOnRealEstateFinalMaturityDate" xlink:label="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate" xlink:to="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoanOnRealEstateFinalMaturityDate_lbl" xml:lang="en-US">Maturity Date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty" xlink:label="us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty" xlink:to="us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty_lbl" xml:lang="en-US">Description of property</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateInterestRate" xlink:label="us-gaap_MortgageLoansOnRealEstateInterestRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateInterestRate" xlink:to="us-gaap_MortgageLoansOnRealEstateInterestRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateInterestRate_lbl" xml:lang="en-US">Interest Rate</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest" xlink:label="arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest" xlink:to="arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest_lbl" xml:lang="en-US">Description of Interest Rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:label="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:to="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_lbl" xml:lang="en-US">Performing loans, total</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings" xlink:label="arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings" xlink:to="arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings_lbl" xml:lang="en-US">Description of Security</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestReceivable" xlink:label="us-gaap_InterestReceivable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestReceivable" xlink:to="us-gaap_InterestReceivable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestReceivable_lbl" xml:lang="en-US">Accrued interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1" xlink:label="us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1" xlink:to="us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1_lbl" xml:lang="en-US">Allowance for estimated losses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstate" xlink:to="us-gaap_MortgageLoansOnRealEstate_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstate_2_lbl" xml:lang="en-US">Total notes receivable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstate" xlink:to="us-gaap_MortgageLoansOnRealEstate_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MortgageLoansOnRealEstate_3_lbl" xml:lang="en-US">Total notes and interest receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestIncomeRelatedParty" xlink:label="us-gaap_InterestIncomeRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeRelatedParty" xlink:to="us-gaap_InterestIncomeRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestIncomeRelatedParty_lbl" xml:lang="en-US">Interest income</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PercentageOfMortgageLoansOnRealEstate" xlink:label="arl_PercentageOfMortgageLoansOnRealEstate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PercentageOfMortgageLoansOnRealEstate" xlink:to="arl_PercentageOfMortgageLoansOnRealEstate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PercentageOfMortgageLoansOnRealEstate_lbl" xml:lang="en-US">Percentage on mortgage notes receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsTable_lbl" xml:lang="en-US">Schedule of Equity Method Investments [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems" xlink:to="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfEquityMethodInvestmentsLineItems_lbl" xml:lang="en-US">Schedule of Equity Method Investments [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNet" xlink:to="us-gaap_RealEstateInvestmentPropertyNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_2_lbl" xml:lang="en-US">Real estate, net of accumulated depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_NotesReceivableGross" xlink:label="us-gaap_NotesReceivableGross" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesReceivableGross" xlink:to="us-gaap_NotesReceivableGross_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesReceivableGross_lbl" xml:lang="en-US">Notes receivable</link:label>
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLiabilities" xlink:label="us-gaap_OtherLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilities" xlink:to="us-gaap_OtherLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_2_lbl" xml:lang="en-US">Shareholders' equity/partners capital</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateRevenueNet" xlink:to="us-gaap_RealEstateRevenueNet_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RealEstateRevenueNet_3_lbl" xml:lang="en-US">Total operating revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="us-gaap_DepreciationAndAmortization" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DepreciationAndAmortization_lbl" xml:lang="en-US">Depreciation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpenses_2_lbl" xml:lang="en-US">Operating expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US">Interest expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_2_lbl" xml:lang="en-US">Income (loss) from continuing operations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_2_lbl" xml:lang="en-US">Income (loss) from discontinued operations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProfitLoss_4_lbl" xml:lang="en-US">Net income (loss)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_2_lbl" xml:lang="en-US">Company's proportionate share of earnings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable" xlink:label="us-gaap_ScheduleOfShortTermDebtTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShortTermDebtTable" xlink:to="us-gaap_ScheduleOfShortTermDebtTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShortTermDebtTable_lbl" xml:lang="en-US">Schedule of Short-term Debt [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="us-gaap_ShortTermDebtLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtLineItems" xlink:to="us-gaap_ShortTermDebtLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermDebtLineItems_lbl" xml:lang="en-US">Short-term Debt [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermNotesPayable" xlink:label="us-gaap_LongTermNotesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesPayable" xlink:to="us-gaap_LongTermNotesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermNotesPayable_lbl" xml:lang="en-US">Notes Payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrentAndNoncurrent" xlink:to="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xml:lang="en-US">Accrued Interest</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermDebt_lbl" xml:lang="en-US">Total Debt</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentUnamortizedDiscount" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnamortizedDiscount" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_lbl" xml:lang="en-US">Unamortized deferred borrowing costs</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_lbl" xml:lang="en-US">2018</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US">2019</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US">2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US">2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_lbl" xml:lang="en-US">2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_lbl" xml:lang="en-US">Thereafter</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesPayable" xlink:to="us-gaap_LongTermNotesPayable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermNotesPayable_2_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateNumberOfLoans" xlink:label="us-gaap_MortgageLoansOnRealEstateNumberOfLoans" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateNumberOfLoans" xlink:to="us-gaap_MortgageLoansOnRealEstateNumberOfLoans_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateNumberOfLoans_lbl" xml:lang="en-US">Number of loans refinanced or modified</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DebtRefinancedAmount" xlink:label="arl_DebtRefinancedAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DebtRefinancedAmount" xlink:to="arl_DebtRefinancedAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DebtRefinancedAmount_lbl" xml:lang="en-US">Loans refinanced during the period</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ProceedsFromConstructionLoansPayable" xlink:label="us-gaap_ProceedsFromConstructionLoansPayable" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromConstructionLoansPayable_lbl" xml:lang="en-US">Increase in construction loans</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrentAndNoncurrent" xlink:to="us-gaap_InterestPayableCurrentAndNoncurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_2_lbl" xml:lang="en-US">Interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage_lbl" xml:lang="en-US">Interest rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentMaturityDateDescription" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentMaturityDateDescription_lbl" xml:lang="en-US">Description of maturity date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US">Notes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_UnsecuredDebt" xlink:label="us-gaap_UnsecuredDebt" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_UnsecuredDebt_lbl" xml:lang="en-US">Notes Payable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnamortizedDiscount" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscount_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_2_lbl" xml:lang="en-US">Less; deferred issue expense, net</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_BondAndBondInterestPayable" xlink:label="arl_BondAndBondInterestPayable" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="arl_BondAndBondInterestPayable_lbl" xml:lang="en-US">Bond and bond interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LongTermDebtByMaturityAbstract" xlink:label="us-gaap_LongTermDebtByMaturityAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtByMaturityAbstract_lbl" xml:lang="en-US">Year ended December 31,</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesPayable" xlink:to="us-gaap_LongTermNotesPayable_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermNotesPayable_3_lbl" xml:lang="en-US">Total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_2_lbl" xml:lang="en-US">Debentures offering amount</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:to="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentInterestRateEffectivePercentage_lbl" xml:lang="en-US">Effective interest rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:to="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl" xml:lang="en-US">Foreign currency loss - debenture transactions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xml:lang="en-US">Schedule of Related Party Transactions, by Related Party [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RelatedPartyTransactionLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xml:lang="en-US">Related Party Transaction [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_FeesAndCommissionsAbstract" xlink:label="us-gaap_FeesAndCommissionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FeesAndCommissionsAbstract" xlink:to="us-gaap_FeesAndCommissionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FeesAndCommissionsAbstract_lbl" xml:lang="en-US">Fees:</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DueFromRelatedAdvisoryFees" xlink:label="arl_DueFromRelatedAdvisoryFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedAdvisoryFees" xlink:to="arl_DueFromRelatedAdvisoryFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DueFromRelatedAdvisoryFees_lbl" xml:lang="en-US">Advisory</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MortgageBrokerageAndEquityRefinancingRelatedParty" xlink:label="arl_MortgageBrokerageAndEquityRefinancingRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageBrokerageAndEquityRefinancingRelatedParty" xlink:to="arl_MortgageBrokerageAndEquityRefinancingRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MortgageBrokerageAndEquityRefinancingRelatedParty_lbl" xml:lang="en-US">Mortgage brokerage and equity refinancing</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DueFromRelatedNetIncomeFee" xlink:label="arl_DueFromRelatedNetIncomeFee" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedNetIncomeFee" xlink:to="arl_DueFromRelatedNetIncomeFee_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DueFromRelatedNetIncomeFee_lbl" xml:lang="en-US">Net income</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DueFromRelatedPropertyAcquisitionAndSales" xlink:label="arl_DueFromRelatedPropertyAcquisitionAndSales" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedPropertyAcquisitionAndSales" xlink:to="arl_DueFromRelatedPropertyAcquisitionAndSales_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DueFromRelatedPropertyAcquisitionAndSales_lbl" xml:lang="en-US">Property acquisition and sales</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DueFromRelatedPropertyAcquisition" xlink:label="arl_DueFromRelatedPropertyAcquisition" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedPropertyAcquisition" xlink:to="arl_DueFromRelatedPropertyAcquisition_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DueFromRelatedPropertyAcquisition_lbl" xml:lang="en-US">Property acquisition</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions" xlink:label="arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions" xlink:to="arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions_lbl" xml:lang="en-US">Property management, construction management and leasing commissions</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateBrokerageFeesRelatedParty" xlink:label="arl_RealEstateBrokerageFeesRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateBrokerageFeesRelatedParty" xlink:to="arl_RealEstateBrokerageFeesRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateBrokerageFeesRelatedParty_lbl" xml:lang="en-US">Real estate brokerage</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DueFromRelatedFeesAndCommissions" xlink:label="arl_DueFromRelatedFeesAndCommissions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedFeesAndCommissions" xlink:to="arl_DueFromRelatedFeesAndCommissions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DueFromRelatedFeesAndCommissions_lbl" xml:lang="en-US">Total fees</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RelatedPartyOtherExpenseAbstract" xlink:label="arl_RelatedPartyOtherExpenseAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartyOtherExpenseAbstract" xlink:to="arl_RelatedPartyOtherExpenseAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RelatedPartyOtherExpenseAbstract_lbl" xml:lang="en-US">Other Expense:</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DueFromRelatedCostReimbursements" xlink:label="arl_DueFromRelatedCostReimbursements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedCostReimbursements" xlink:to="arl_DueFromRelatedCostReimbursements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DueFromRelatedCostReimbursements_lbl" xml:lang="en-US">Cost reimbursements</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestExpenseIncomeRelatedParty" xlink:label="arl_InterestExpenseIncomeRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestExpenseIncomeRelatedParty" xlink:to="arl_InterestExpenseIncomeRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestExpenseIncomeRelatedParty_lbl" xml:lang="en-US">Interest paid (received)</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RelatedPartyOtherExpense" xlink:label="arl_RelatedPartyOtherExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartyOtherExpense" xlink:to="arl_RelatedPartyOtherExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="arl_RelatedPartyOtherExpense_lbl" xml:lang="en-US">Total other expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US">Revenue:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="us-gaap_RevenueFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromRelatedParties" xlink:to="us-gaap_RevenueFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenueFromRelatedParties_lbl" xml:lang="en-US">Rental</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DueFromRelatedPartiesUnclassifiedAbstract" xlink:label="us-gaap_DueFromRelatedPartiesUnclassifiedAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedPartiesUnclassifiedAbstract" xlink:to="us-gaap_DueFromRelatedPartiesUnclassifiedAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueFromRelatedPartiesUnclassifiedAbstract_lbl" xml:lang="en-US">Related party receivables [Roll Forward]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedParties" xlink:to="us-gaap_DueFromRelatedParties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_DueFromRelatedParties_2_lbl" xml:lang="en-US">Related party receivable at beginning</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:to="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt_2_lbl" xml:lang="en-US">Cash transfers</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AdvisoryFeeToRelatedParty" xlink:to="arl_AdvisoryFeeToRelatedParty_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_AdvisoryFeeToRelatedParty_2_lbl" xml:lang="en-US">Advisory fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NetIncomeFeeToRelatedParty1" xlink:to="arl_NetIncomeFeeToRelatedParty1_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_NetIncomeFeeToRelatedParty1_2_lbl" xml:lang="en-US">Net income fee</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedCostReimbursements" xlink:to="arl_DueFromRelatedCostReimbursements_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_DueFromRelatedCostReimbursements_2_lbl" xml:lang="en-US">Cost reimbursements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:label="us-gaap_OriginationOfNotesReceivableFromRelatedParties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:to="us-gaap_OriginationOfNotesReceivableFromRelatedParties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OriginationOfNotesReceivableFromRelatedParties_lbl" xml:lang="en-US">Notes receivable purchased</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SalesCommissionsAndFees" xlink:label="us-gaap_SalesCommissionsAndFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesCommissionsAndFees" xlink:to="us-gaap_SalesCommissionsAndFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SalesCommissionsAndFees_lbl" xml:lang="en-US">Fees and commissions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:label="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:to="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_lbl" xml:lang="en-US">Expenses paid by Advisor</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RelatedPartyFinancingMortgagePayments" xlink:label="arl_RelatedPartyFinancingMortgagePayments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartyFinancingMortgagePayments" xlink:to="arl_RelatedPartyFinancingMortgagePayments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_RelatedPartyFinancingMortgagePayments_lbl" xml:lang="en-US">Financing (mortgage payments)</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RelatedPartySalesPurchasesTransactions" xlink:label="arl_RelatedPartySalesPurchasesTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartySalesPurchasesTransactions" xlink:to="arl_RelatedPartySalesPurchasesTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_RelatedPartySalesPurchasesTransactions_lbl" xml:lang="en-US">Sales/purchases transactions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RelatedPartyTaxExpenseDueFromAffiliatesCurrent" xlink:label="us-gaap_RelatedPartyTaxExpenseDueFromAffiliatesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTaxExpenseDueFromAffiliatesCurrent" xlink:to="us-gaap_RelatedPartyTaxExpenseDueFromAffiliatesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTaxExpenseDueFromAffiliatesCurrent_lbl" xml:lang="en-US">Tax sharing</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedParties" xlink:to="us-gaap_DueFromRelatedParties_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_DueFromRelatedParties_3_lbl" xml:lang="en-US">Related party receivable at end</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DueFromRelatedPropertyRentalRevenue" xlink:label="arl_DueFromRelatedPropertyRentalRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedPropertyRentalRevenue" xlink:to="arl_DueFromRelatedPropertyRentalRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DueFromRelatedPropertyRentalRevenue_lbl" xml:lang="en-US">Rent received</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestReceivable" xlink:to="us-gaap_InterestReceivable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestReceivable_2_lbl" xml:lang="en-US">Interest receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestIncomeRecognizedRelatedParty" xlink:label="arl_InterestIncomeRecognizedRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestIncomeRecognizedRelatedParty" xlink:to="arl_InterestIncomeRecognizedRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestIncomeRecognizedRelatedParty_lbl" xml:lang="en-US">Recognized interest income</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_InterestIncomeOriginatedRelatedParty" xlink:label="arl_InterestIncomeOriginatedRelatedParty" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestIncomeOriginatedRelatedParty" xlink:to="arl_InterestIncomeOriginatedRelatedParty_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_InterestIncomeOriginatedRelatedParty_lbl" xml:lang="en-US">Originated interest income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal" xlink:label="us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal" xlink:to="us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal_lbl" xml:lang="en-US">Proceeds from notes receivables</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermNotesPayable" xlink:to="us-gaap_LongTermNotesPayable_4_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract_lbl" xml:lang="en-US">Current:</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_lbl" xml:lang="en-US">Income Tax Expense (Benefit) at Federal Statutory Rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes" xlink:label="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes" xlink:to="us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes_lbl" xlink:type="arc" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" xlink:label="us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate_lbl" xml:lang="en-US">Repricing of Deferred Assets Due to Change in Future Rates</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="us-gaap_EffectiveIncomeTaxRateContinuingOperations" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxAssetsOther" xlink:label="us-gaap_DeferredTaxAssetsOther" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsOther_lbl" xml:lang="en-US">Installment Note on Land Sale</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction" xlink:label="us-gaap_DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:label="us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="us-gaap_DeferredTaxAssetsGross" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:label="us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="us-gaap_DeferredIncomeTaxLiabilities" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredTaxLiabilitiesGrossNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesGrossNoncurrent" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLossCarryforwards" xlink:label="us-gaap_OperatingLossCarryforwards" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_lbl" xml:lang="en-US">2018</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_lbl" xml:lang="en-US">2019</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_lbl" xml:lang="en-US">2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_lbl" xml:lang="en-US">2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears_lbl" xml:lang="en-US">2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter_lbl" xml:lang="en-US">Thereafter</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDue" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDue_lbl" xml:lang="en-US">Total</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_lbl" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="us-gaap_SegmentReportingInformationLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingInformationLineItems" xlink:to="us-gaap_SegmentReportingInformationLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentReportingInformationLineItems_lbl" xml:lang="en-US">Segment Reporting Information [Line Items]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:to="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment_3_lbl" xml:lang="en-US">Operating expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_DepreciationAndAmortization_2_lbl" xml:lang="en-US">Depreciation and amortization</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MortgageAndLoanInterestIncludingCharges" xlink:label="arl_MortgageAndLoanInterestIncludingCharges" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageAndLoanInterestIncludingCharges" xlink:to="arl_MortgageAndLoanInterestIncludingCharges_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_MortgageAndLoanInterestIncludingCharges_lbl" xml:lang="en-US">Mortgage and loan interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeOther" xlink:to="us-gaap_InterestIncomeOther_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestIncomeOther_2_lbl" xml:lang="en-US">Interest income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes" xlink:label="us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes" xlink:to="us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes_lbl" xml:lang="en-US">Gain on sale of income producing properties</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_CapitalExpenditures" xlink:label="arl_CapitalExpenditures" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CapitalExpenditures" xlink:to="arl_CapitalExpenditures_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_CapitalExpenditures_lbl" xml:lang="en-US">Capital expenditures</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNet" xlink:to="us-gaap_RealEstateInvestmentPropertyNet_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_3_lbl" xml:lang="en-US">Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PropertySalesAbstract" xlink:label="arl_PropertySalesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PropertySalesAbstract" xlink:to="arl_PropertySalesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PropertySalesAbstract_lbl" xml:lang="en-US">Property Sales</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateSalesPrice" xlink:label="arl_RealEstateSalesPrice" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateSalesPrice" xlink:to="arl_RealEstateSalesPrice_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateSalesPrice_lbl" xml:lang="en-US">Sales price</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateCostOfSales" xlink:label="arl_RealEstateCostOfSales" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateCostOfSales" xlink:to="arl_RealEstateCostOfSales_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_RealEstateCostOfSales_lbl" xml:lang="en-US">Cost of sale</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateRecognizedPriorDeferredGain" xlink:label="arl_RealEstateRecognizedPriorDeferredGain" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateRecognizedPriorDeferredGain" xlink:to="arl_RealEstateRecognizedPriorDeferredGain_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateRecognizedPriorDeferredGain_lbl" xml:lang="en-US">Recognized prior deferred gain</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfProperties" xlink:to="us-gaap_GainLossOnSaleOfProperties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_GainLossOnSaleOfProperties_2_lbl" xml:lang="en-US">Gain on sale</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingIncomeLoss_2_lbl" xml:lang="en-US">Segment operating income (loss)</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OtherNonSegmentItemsOfIncomeExpenseAbstract" xlink:label="arl_OtherNonSegmentItemsOfIncomeExpenseAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherNonSegmentItemsOfIncomeExpenseAbstract" xlink:to="arl_OtherNonSegmentItemsOfIncomeExpenseAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OtherNonSegmentItemsOfIncomeExpenseAbstract_lbl" xml:lang="en-US">Other non-segment items of income (expense)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_GeneralAndAdministrativeExpense_3_lbl" xml:lang="en-US">General and administrative</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="us-gaap_AssetImpairmentCharges_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_AssetImpairmentCharges_2_lbl" xml:lang="en-US">Provision on impairment of notes receivable and real estate assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NetIncomeFeeToRelatedParty1" xlink:to="arl_NetIncomeFeeToRelatedParty1_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="arl_NetIncomeFeeToRelatedParty1_3_lbl" xml:lang="en-US">Net income fee to related party</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AdvisoryFeeToRelatedParty" xlink:to="arl_AdvisoryFeeToRelatedParty_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="arl_AdvisoryFeeToRelatedParty_3_lbl" xml:lang="en-US">Advisory fee to related party</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossOnSaleOfInvestments" xlink:label="us-gaap_LossOnSaleOfInvestments" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossOnSaleOfInvestments" xlink:to="us-gaap_LossOnSaleOfInvestments_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LossOnSaleOfInvestments_lbl" xml:lang="en-US">Loss on sale of investments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_3_lbl" xml:lang="en-US">Earnings from unconsolidated joint ventures and investees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LitigationSettlementAmountAwardedFromOtherParty" xlink:to="us-gaap_LitigationSettlementAmountAwardedFromOtherParty_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LitigationSettlementAmountAwardedFromOtherParty_2_lbl" xml:lang="en-US">Litigation settlement</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_2_lbl" xml:lang="en-US">Gain (loss) from continuing operations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNet" xlink:to="us-gaap_RealEstateInvestmentPropertyNet_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateInvestmentPropertyNet_4_lbl" xml:lang="en-US">Segment assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstate" xlink:to="us-gaap_MortgageLoansOnRealEstate_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MortgageLoansOnRealEstate_4_lbl" xml:lang="en-US">Notes and interest receivable</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_OtherAssetsAndReceivables" xlink:label="arl_OtherAssetsAndReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherAssetsAndReceivables" xlink:to="arl_OtherAssetsAndReceivables_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_OtherAssetsAndReceivables_lbl" xml:lang="en-US">Other assets and receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DisposalGroupIncludingDiscontinuedOperationRevenueAbstract" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationRevenueAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedOperationRevenueAbstract" xlink:to="arl_DisposalGroupIncludingDiscontinuedOperationRevenueAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationRevenueAbstract_lbl" xml:lang="en-US">Revenues:</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome_lbl" xml:lang="en-US">Rental and other property revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue_lbl" xml:lang="en-US">Revenues</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DisposalGroupIncludingDiscontinuedOperationAbstract" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedOperationAbstract" xlink:to="arl_DisposalGroupIncludingDiscontinuedOperationAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationAbstract_lbl" xml:lang="en-US">Expenses:</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense" xlink:label="arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense" xlink:to="arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense_lbl" xml:lang="en-US">Property operating expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DepreciationAndAmortizationDiscontinuedOperations" xlink:label="us-gaap_DepreciationAndAmortizationDiscontinuedOperations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortizationDiscontinuedOperations" xlink:to="us-gaap_DepreciationAndAmortizationDiscontinuedOperations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DepreciationAndAmortizationDiscontinuedOperations_lbl" xml:lang="en-US">Depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">General and administrative</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense_lbl" xml:lang="en-US">Total operating expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeExpenseAbstract" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeExpenseAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeExpenseAbstract" xlink:to="arl_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeExpenseAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeExpenseAbstract_lbl" xml:lang="en-US">Other income (expense):</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense" xlink:to="arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense_lbl" xml:lang="en-US">Other income (expense)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense_lbl" xml:lang="en-US">Mortgage and loan interest</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DisposalGroupIncludingLoanChargesAndPrepaymentPenalties" xlink:label="arl_DisposalGroupIncludingLoanChargesAndPrepaymentPenalties" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingLoanChargesAndPrepaymentPenalties" xlink:to="arl_DisposalGroupIncludingLoanChargesAndPrepaymentPenalties_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_DisposalGroupIncludingLoanChargesAndPrepaymentPenalties_lbl" xml:lang="en-US">Loan charges and prepayment penalties</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DisposalGroupIncludingDiscontinuedOperationLitigationSettlementExpense" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationLitigationSettlementExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedOperationLitigationSettlementExpense" xlink:to="arl_DisposalGroupIncludingDiscontinuedOperationLitigationSettlementExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationLitigationSettlementExpense_lbl" xml:lang="en-US">Litigation settlement</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss" xlink:to="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_lbl" xml:lang="en-US">Total other expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax" xlink:to="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax_lbl" xml:lang="en-US">Loss from discontinued operations before gain on sale of real estate and taxes</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:to="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_2_lbl" xml:lang="en-US">Income tax benefit (expense)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_2_lbl" xml:lang="en-US">Income (loss) from discontinued operations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingExpenses_3_lbl" xml:lang="en-US">Total operating expenses</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingIncomeLoss_3_lbl" xml:lang="en-US">Operating income</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpense_2_lbl" xml:lang="en-US">Other expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_2_lbl" xml:lang="en-US">Loss before gain on sales, non-contolling interest, and taxes</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes" xlink:to="us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes_2_lbl" xml:lang="en-US">Gain (loss) on sale of income producing properties</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes" xlink:to="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes_3_lbl" xml:lang="en-US">Gain (loss) on land sales</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_3_lbl" xml:lang="en-US">Income tax benefit (expense)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_3_lbl" xml:lang="en-US">Net income (loss) from continued operations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax_3_lbl" xml:lang="en-US">Net loss from discontinued operations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossAttributableToNoncontrollingInterest" xlink:to="us-gaap_IncomeLossAttributableToNoncontrollingInterest_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossAttributableToNoncontrollingInterest_2_lbl" xml:lang="en-US">Less: net (income) loss attributable to non-controlling interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_2_lbl" xml:lang="en-US">Net income (loss) applicable to common shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareAbstract_2_lbl" xml:lang="en-US">PER SHARE DATA</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerBasicShare_2_lbl" xml:lang="en-US">Loss from continued operations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US">Net income (loss) applicable to common shares</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesIssuedBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesIssuedBasic_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesIssuedBasic_2_lbl" xml:lang="en-US">Weighted average common shares used in computing earnings per share</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare" xlink:to="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare_2_lbl" xml:lang="en-US">Loss from continued operations</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_2_lbl" xml:lang="en-US">Weighted average common shares used in computing diluted earnings per share</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GuaranteeObligationsMaximumExposure" xlink:to="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GuaranteeObligationsMaximumExposure_lbl" xml:lang="en-US">Loan guarantee amount</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_OtherLongTermNotesPayable" xlink:label="us-gaap_OtherLongTermNotesPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLongTermNotesPayable" xlink:to="us-gaap_OtherLongTermNotesPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherLongTermNotesPayable_lbl" xml:lang="en-US">Notes Payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyDamagesSoughtValue" xlink:label="us-gaap_LossContingencyDamagesSoughtValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyDamagesSoughtValue" xlink:to="us-gaap_LossContingencyDamagesSoughtValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyDamagesSoughtValue_lbl" xml:lang="en-US">Damages sought value</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LossContingencyActualDamagesSoughtValue" xlink:label="arl_LossContingencyActualDamagesSoughtValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LossContingencyActualDamagesSoughtValue" xlink:to="arl_LossContingencyActualDamagesSoughtValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LossContingencyActualDamagesSoughtValue_lbl" xml:lang="en-US">Actual damages sought value</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_LossContingencyDamagesSoughtInterestValue" xlink:label="arl_LossContingencyDamagesSoughtInterestValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LossContingencyDamagesSoughtInterestValue" xlink:to="arl_LossContingencyDamagesSoughtInterestValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LossContingencyDamagesSoughtInterestValue_lbl" xml:lang="en-US">Interest damages sought value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNameOfPlaintiff" xlink:label="us-gaap_LossContingencyNameOfPlaintiff" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyNameOfPlaintiff" xlink:to="us-gaap_LossContingencyNameOfPlaintiff_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyNameOfPlaintiff_lbl" xml:lang="en-US">Description of plaintiff</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyNameOfDefendant" xlink:label="us-gaap_LossContingencyNameOfDefendant" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyNameOfDefendant" xlink:to="us-gaap_LossContingencyNameOfDefendant_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyNameOfDefendant_lbl" xml:lang="en-US">Description of defendant</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyAllegations" xlink:label="us-gaap_LossContingencyAllegations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyAllegations" xlink:to="us-gaap_LossContingencyAllegations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyAllegations_lbl" xml:lang="en-US">Description of allegation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyDomicileOfLitigation" xlink:label="us-gaap_LossContingencyDomicileOfLitigation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyDomicileOfLitigation" xlink:to="us-gaap_LossContingencyDomicileOfLitigation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyDomicileOfLitigation_lbl" xml:lang="en-US">Domicile of litigation</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyActionsTakenByCourtArbitratorOrMediator" xlink:label="us-gaap_LossContingencyActionsTakenByCourtArbitratorOrMediator" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyActionsTakenByCourtArbitratorOrMediator" xlink:to="us-gaap_LossContingencyActionsTakenByCourtArbitratorOrMediator_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyActionsTakenByCourtArbitratorOrMediator_lbl" xml:lang="en-US">Description of action taken by court</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReceivableWithImputedInterestFaceAmount" xlink:label="us-gaap_ReceivableWithImputedInterestFaceAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivableWithImputedInterestFaceAmount" xlink:to="us-gaap_ReceivableWithImputedInterestFaceAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivableWithImputedInterestFaceAmount_lbl" xml:lang="en-US">Notes receivable from the sale of ART</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_UnfundedLoanCommitment" xlink:label="arl_UnfundedLoanCommitment" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnfundedLoanCommitment" xlink:to="arl_UnfundedLoanCommitment_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnfundedLoanCommitment_lbl" xml:lang="en-US">Unfunded loan commitment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyDamagesAwardedValue" xlink:label="us-gaap_LossContingencyDamagesAwardedValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyDamagesAwardedValue" xlink:to="us-gaap_LossContingencyDamagesAwardedValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyDamagesAwardedValue_lbl" xml:lang="en-US">Damages - awarded amount</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DamagesPrejudgementInterest" xlink:label="arl_DamagesPrejudgementInterest" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DamagesPrejudgementInterest" xlink:to="arl_DamagesPrejudgementInterest_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DamagesPrejudgementInterest_lbl" xml:lang="en-US">Damages - pre-judgement interest</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_DamagesTotal" xlink:label="arl_DamagesTotal" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DamagesTotal" xlink:to="arl_DamagesTotal_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_DamagesTotal_lbl" xml:lang="en-US">Damages - total</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AwardedAttorneyFees" xlink:label="arl_AwardedAttorneyFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AwardedAttorneyFees" xlink:to="arl_AwardedAttorneyFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AwardedAttorneyFees_lbl" xml:lang="en-US">Awarded attorney fees</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PostjudgmentInterestRate" xlink:label="arl_PostjudgmentInterestRate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PostjudgmentInterestRate" xlink:to="arl_PostjudgmentInterestRate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PostjudgmentInterestRate_lbl" xml:lang="en-US">Post-judgment interest rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LossContingencyActionsTakenByPlaintiff" xlink:label="us-gaap_LossContingencyActionsTakenByPlaintiff" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LossContingencyActionsTakenByPlaintiff" xlink:to="us-gaap_LossContingencyActionsTakenByPlaintiff_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LossContingencyActionsTakenByPlaintiff_lbl" xml:lang="en-US">Actions by plantiff</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SharesHeldBySubsidiaries" xlink:to="arl_SharesHeldBySubsidiaries_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_SharesHeldBySubsidiaries_2_lbl" xml:lang="en-US">Shares held by subsidiaries</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PercentageOfAverageDailyClosingPriceOfCommonStock" xlink:label="arl_PercentageOfAverageDailyClosingPriceOfCommonStock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PercentageOfAverageDailyClosingPriceOfCommonStock" xlink:to="arl_PercentageOfAverageDailyClosingPriceOfCommonStock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PercentageOfAverageDailyClosingPriceOfCommonStock_lbl" xml:lang="en-US">Percentage of the average daily closing price of common stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="us-gaap_PreferredStockDividendRatePercentage" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendRatePercentage" xlink:to="us-gaap_PreferredStockDividendRatePercentage_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockDividendRatePercentage_lbl" xml:lang="en-US">Preferred stock, dividend rate</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_NumberOfTradingDays" xlink:label="arl_NumberOfTradingDays" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NumberOfTradingDays" xlink:to="arl_NumberOfTradingDays_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NumberOfTradingDays_lbl" xml:lang="en-US">Number of trading days</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPayableCurrentAndNoncurrent" xlink:to="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPayableCurrentAndNoncurrent_lbl" xml:lang="en-US">Accrued dividends unpaid</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NumberOfPreferredStockConverted" xlink:to="arl_NumberOfPreferredStockConverted_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_NumberOfPreferredStockConverted_2_lbl" xml:lang="en-US">Number of preferred stock converted</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_AccumulatedDividendsUnpaidUponConversion" xlink:label="arl_AccumulatedDividendsUnpaidUponConversion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AccumulatedDividendsUnpaidUponConversion" xlink:to="arl_AccumulatedDividendsUnpaidUponConversion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_AccumulatedDividendsUnpaidUponConversion_lbl" xml:lang="en-US">Accumulated dividends unpaid upon conversion</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_lbl" xml:lang="en-US">Stock options outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_PreferredStockHeldBySubsidiary" xlink:label="arl_PreferredStockHeldBySubsidiary" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PreferredStockHeldBySubsidiary" xlink:to="arl_PreferredStockHeldBySubsidiary_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PreferredStockHeldBySubsidiary_lbl" xml:lang="en-US">Preferred stock held by subsidiary</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="us-gaap_DeferredFinanceCostsNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="us-gaap_DeferredFinanceCostsNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xml:lang="en-US">Bond issuance cost</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:to="us-gaap_EquityMethodInvestmentOwnershipPercentage_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage_2_lbl" xml:lang="en-US">Ownership interest</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_VotingInterestInJointVenture" xlink:label="arl_VotingInterestInJointVenture" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VotingInterestInJointVenture" xlink:to="arl_VotingInterestInJointVenture_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VotingInterestInJointVenture_lbl" xml:lang="en-US">Voting interest in joint venture</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis" xlink:to="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis_2_lbl" xml:lang="en-US">MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances_lbl" xml:lang="en-US">Encumbrances</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand_lbl" xml:lang="en-US">Initial Cost Land</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements_lbl" xml:lang="en-US">Initial Cost Building &amp;Improvements</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements_lbl" xml:lang="en-US">Cost Capitalized Subsequent to Acquisition Improvements</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges" xlink:label="arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges" xlink:to="arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges_lbl" xml:lang="en-US">Asset Impairment</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand_lbl" xml:lang="en-US">Gross Amounts of Which Carried at End of Year Land</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements" xlink:to="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements_lbl" xml:lang="en-US">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateGrossAtCarryingValue" xlink:to="us-gaap_RealEstateGrossAtCarryingValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_2_lbl" xml:lang="en-US">Gross Amounts of Which Carried at End of Year Total</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciation" xlink:to="us-gaap_RealEstateAccumulatedDepreciation_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_2_lbl" xml:lang="en-US">Accumulated Depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2" xlink:label="arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2" xlink:to="arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2_lbl" xml:lang="en-US">Date of Construction</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateAndAccumulatedDepreciationDateAcquired" xlink:label="arl_RealEstateAndAccumulatedDepreciationDateAcquired" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAndAccumulatedDepreciationDateAcquired" xlink:to="arl_RealEstateAndAccumulatedDepreciationDateAcquired_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateAndAccumulatedDepreciationDateAcquired_lbl" xml:lang="en-US">Date Acquired</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod" xlink:label="arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod" xlink:to="arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod_lbl" xml:lang="en-US">Life on Which Depreciation In Latest Statement of Operation is Computed</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward" xlink:to="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward_lbl" xml:lang="en-US">Reconciliation of Real Estate</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateGrossAtCarryingValue" xlink:to="us-gaap_RealEstateGrossAtCarryingValue_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_3_lbl" xml:lang="en-US">Balance at at beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateAdditionsAbstract" xlink:label="arl_RealEstateAdditionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAdditionsAbstract" xlink:to="arl_RealEstateAdditionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateAdditionsAbstract_lbl" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateOtherAcquisitions" xlink:label="us-gaap_RealEstateOtherAcquisitions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateOtherAcquisitions" xlink:to="us-gaap_RealEstateOtherAcquisitions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateOtherAcquisitions_lbl" xml:lang="en-US">Acquisitions, improvements and construction</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateDeductionsAbstract" xlink:label="arl_RealEstateDeductionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateDeductionsAbstract" xlink:to="arl_RealEstateDeductionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateDeductionsAbstract_lbl" xml:lang="en-US">Deductions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateCostOfRealEstateSold" xlink:label="us-gaap_RealEstateCostOfRealEstateSold" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateCostOfRealEstateSold" xlink:to="us-gaap_RealEstateCostOfRealEstateSold_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RealEstateCostOfRealEstateSold_lbl" xml:lang="en-US">Sale of real estate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SECScheduleIIIRealEstateWritedownOrReserveAmount" xlink:label="us-gaap_SECScheduleIIIRealEstateWritedownOrReserveAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SECScheduleIIIRealEstateWritedownOrReserveAmount" xlink:to="us-gaap_SECScheduleIIIRealEstateWritedownOrReserveAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_SECScheduleIIIRealEstateWritedownOrReserveAmount_lbl" xml:lang="en-US">Asset impairments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateGrossAtCarryingValue" xlink:to="us-gaap_RealEstateGrossAtCarryingValue_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_RealEstateGrossAtCarryingValue_4_lbl" xml:lang="en-US">Balance at ending</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward" xlink:to="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward_lbl" xml:lang="en-US">Reconciliation of Accumulated Depreciation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciation" xlink:to="us-gaap_RealEstateAccumulatedDepreciation_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_3_lbl" xml:lang="en-US">Balance at at beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateAccumulatedDepreciationAdditionsAbstract" xlink:label="arl_RealEstateAccumulatedDepreciationAdditionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAccumulatedDepreciationAdditionsAbstract" xlink:to="arl_RealEstateAccumulatedDepreciationAdditionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_RealEstateAccumulatedDepreciationAdditionsAbstract_lbl" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense" xlink:to="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense_lbl" xml:lang="en-US">Depreciation</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_RealEstateAccumulatedDepreciationDeductionsAbstract" xlink:label="arl_RealEstateAccumulatedDepreciationDeductionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAccumulatedDepreciationDeductionsAbstract" xlink:to="arl_RealEstateAccumulatedDepreciationDeductionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_RealEstateAccumulatedDepreciationDeductionsAbstract_lbl" xml:lang="en-US">Deductions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold" xlink:to="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciationRealEstateSold_lbl" xml:lang="en-US">Sale of real estate</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateAccumulatedDepreciation" xlink:to="us-gaap_RealEstateAccumulatedDepreciation_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_RealEstateAccumulatedDepreciation_4_lbl" xml:lang="en-US">Balance at ending</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MortgageLoanOnRealEstateFinalMaturityDate1" xlink:label="arl_MortgageLoanOnRealEstateFinalMaturityDate1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageLoanOnRealEstateFinalMaturityDate1" xlink:to="arl_MortgageLoanOnRealEstateFinalMaturityDate1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_MortgageLoanOnRealEstateFinalMaturityDate1_lbl" xml:lang="en-US">Final Maturity Date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms" xlink:to="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms_lbl" xml:lang="en-US">Periodic Payment Terms</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePriorLiens1" xlink:label="us-gaap_MortgageLoansOnRealEstatePriorLiens1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstatePriorLiens1" xlink:to="us-gaap_MortgageLoansOnRealEstatePriorLiens1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstatePriorLiens1_lbl" xml:lang="en-US">Prior Liens</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:label="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages" xlink:to="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages_lbl" xml:lang="en-US">Face Amount of Mortgage</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages" xlink:to="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages_2_lbl" xml:lang="en-US">Carrying Amount of Mortgage</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansAndLeasesReceivableAllowance" xlink:to="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LoansAndLeasesReceivableAllowance_lbl" xml:lang="en-US">Allowance for estimated losses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MovementInMortgageLoansOnRealEstateRollForward" xlink:label="us-gaap_MovementInMortgageLoansOnRealEstateRollForward" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MovementInMortgageLoansOnRealEstateRollForward" xlink:to="us-gaap_MovementInMortgageLoansOnRealEstateRollForward_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MovementInMortgageLoansOnRealEstateRollForward_lbl" xml:lang="en-US">Movement in Mortgage Loans on Real Estate [Roll Forward]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstate" xlink:to="us-gaap_MortgageLoansOnRealEstate_5_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_MortgageLoansOnRealEstate_5_lbl" xml:lang="en-US">Balance at at beginning</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MortgageLoansOnRealEstateAdditionsAbstract" xlink:label="arl_MortgageLoansOnRealEstateAdditionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageLoansOnRealEstateAdditionsAbstract" xlink:to="arl_MortgageLoansOnRealEstateAdditionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_MortgageLoansOnRealEstateAdditionsAbstract_lbl" xml:lang="en-US">Additions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateNewMortgageLoans" xlink:label="us-gaap_MortgageLoansOnRealEstateNewMortgageLoans" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateNewMortgageLoans" xlink:to="us-gaap_MortgageLoansOnRealEstateNewMortgageLoans_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateNewMortgageLoans_lbl" xml:lang="en-US">New mortgage loans</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal" xlink:to="us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal_2_lbl" xml:lang="en-US">Funding of existing loans</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease" xlink:to="us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease_lbl" xml:lang="en-US">Increase (decrease) of interest receivable on mortgage loans</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_MortgageLoansOnRealEstateDeductionsAbstract" xlink:label="arl_MortgageLoansOnRealEstateDeductionsAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageLoansOnRealEstateDeductionsAbstract" xlink:to="arl_MortgageLoansOnRealEstateDeductionsAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="arl_MortgageLoansOnRealEstateDeductionsAbstract_lbl" xml:lang="en-US">Deductions</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold" xlink:label="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold" xlink:to="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_lbl" xml:lang="en-US">Amounts received</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2017/elts/us-gaap-2017-01-31.xsd#us-gaap_MortgageLoansOnRealEstateOtherDeductions" xlink:label="us-gaap_MortgageLoansOnRealEstateOtherDeductions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateOtherDeductions" xlink:to="us-gaap_MortgageLoansOnRealEstateOtherDeductions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MortgageLoansOnRealEstateOtherDeductions_lbl" xml:lang="en-US">Non-cash reductions</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstate" xlink:to="us-gaap_MortgageLoansOnRealEstate_6_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_MortgageLoansOnRealEstate_6_lbl" xml:lang="en-US">Balance at ending</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EntityCommonStockHeldByNonaffiliates" xlink:to="arl_EntityCommonStockHeldByNonaffiliates_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_EntityCommonStockHeldByNonaffiliates_doc" xml:lang="en-US">The number of voting and non-voting common equity held by non-affiliates of the registrant as of the last business day of registrant's most recently completed second fiscal quarter. Used as a component of the calculation of the registrant's public float.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateheldForSaleNet" xlink:to="arl_RealEstateheldForSaleNet_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealEstateheldForSaleNet_doc" xml:lang="en-US">Carrying amount as of the balance sheet date of investments in land and buildings held for sale, net of accumulated depreciation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PerformingNotesAndInterestReceivable" xlink:to="arl_PerformingNotesAndInterestReceivable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PerformingNotesAndInterestReceivable_doc" xml:lang="en-US">Financing arrangement that represents a contractual right to receive money either on demand or on fixed or determinable dates that are current in regards to payments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesRelatedToAssetsHeldForSale" xlink:to="arl_NotesRelatedToAssetsHeldForSale_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NotesRelatedToAssetsHeldForSale_doc" xml:lang="en-US">Including the current and noncurrent portions, aggregate carrying amount of notes payable related to assets held for sale, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesRelatedToAssetsSubjectToSalesContracts" xlink:to="arl_NotesRelatedToAssetsSubjectToSalesContracts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NotesRelatedToAssetsSubjectToSalesContracts_doc" xml:lang="en-US">Refers to notes related assets to subject to sales contract.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartyMember" xlink:to="arl_RelatedPartyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RelatedPartyMember_doc" xml:lang="en-US">RelatedParty [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SharesHeldBySubsidiaries" xlink:to="arl_SharesHeldBySubsidiaries_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SharesHeldBySubsidiaries_doc" xml:lang="en-US">The number of shares held by subidiaries.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NetIncomeFeeToRelatedParty1" xlink:to="arl_NetIncomeFeeToRelatedParty1_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NetIncomeFeeToRelatedParty1_doc" xml:lang="en-US">The amount of net income fee to related parties,during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AdvisoryFeeToRelatedParty" xlink:to="arl_AdvisoryFeeToRelatedParty_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_AdvisoryFeeToRelatedParty_doc" xml:lang="en-US">The amount of advisory fees to related parties during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1" xlink:to="arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1_doc" xml:lang="en-US">This element represents the amount of gain (loss) on sale of properties during the reporting period gross of the applicable income taxes realized.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_IncomeLossFromEquityMethodInvestments1" xlink:to="arl_IncomeLossFromEquityMethodInvestments1_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_IncomeLossFromEquityMethodInvestments1_doc" xml:lang="en-US">This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PaymentForImprovementOfLandHeldForDevelopment" xlink:to="arl_PaymentForImprovementOfLandHeldForDevelopment_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PaymentForImprovementOfLandHeldForDevelopment_doc" xml:lang="en-US">Payments to develop land is the process of adding improvements on or to a parcel of land. Such improvements may include drainage, utilities, subdividing, access, buildings, and any combination of these elements; and are generally classified as cash flow from investing activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RecurringAmortizationOfPrincipalOnNotesPayable" xlink:to="arl_RecurringAmortizationOfPrincipalOnNotesPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RecurringAmortizationOfPrincipalOnNotesPayable_doc" xml:lang="en-US">Refers to recurring amortization of principal notes payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DividendsTextBlock" xlink:to="arl_DividendsTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DividendsTextBlock_doc" xml:lang="en-US">The entire disclosure on interest recognition on notes receivable and related activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartiesPolicyTextBlock" xlink:to="arl_RelatedPartiesPolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RelatedPartiesPolicyTextBlock_doc" xml:lang="en-US">Disclosure of policies regarding related parties.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestRecognitionOnNotesReceivablePolicyTextBlock" xlink:to="arl_InterestRecognitionOnNotesReceivablePolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestRecognitionOnNotesReceivablePolicyTextBlock_doc" xml:lang="en-US">The entire disclosure on interest recognition on notes receivable and related activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock" xlink:to="arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock_doc" xml:lang="en-US">Tabular disclosure of financial statements, including, but not limited to, the balance sheet and income statement of unconsolidated parent.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ScheduleOfRelatedPartyTransactions1TableTextBlock" xlink:to="arl_ScheduleOfRelatedPartyTransactions1TableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ScheduleOfRelatedPartyTransactions1TableTextBlock_doc" xml:lang="en-US">Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CommercialBuildingMember" xlink:to="arl_CommercialBuildingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CommercialBuildingMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApartmentCommunityAcquiredMember" xlink:to="arl_ApartmentCommunityAcquiredMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ApartmentCommunityAcquiredMember_doc" xml:lang="en-US">Real estate designated as an apartment community.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_Land1Member" xlink:to="arl_Land1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_Land1Member_doc" xml:lang="en-US">Real estate held.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PaymentsToConstructionAndDevelopRealEstateAssets" xlink:to="arl_PaymentsToConstructionAndDevelopRealEstateAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PaymentsToConstructionAndDevelopRealEstateAssets_doc" xml:lang="en-US">Payments for predevelopment and construction of real estate assets is the process of adding improvements on or to a parcel of land.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EquityMethodInvesteeNameMember" xlink:to="arl_EquityMethodInvesteeNameMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_EquityMethodInvesteeNameMember_doc" xml:lang="en-US">Name of investment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables6Member" xlink:to="arl_NotesPayableOtherPayables6Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NotesPayableOtherPayables6Member_doc" xml:lang="en-US">A written promise to pay a note to a third party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApartmentsUnderConstructionMember" xlink:to="arl_ApartmentsUnderConstructionMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ApartmentsUnderConstructionMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables1Member" xlink:to="arl_NotesPayableOtherPayables1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NotesPayableOtherPayables1Member_doc" xml:lang="en-US">A written promise to pay a note to a third party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables2Member" xlink:to="arl_NotesPayableOtherPayables2Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NotesPayableOtherPayables2Member_doc" xml:lang="en-US">A written promise to pay a note to a third party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables3Member" xlink:to="arl_NotesPayableOtherPayables3Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NotesPayableOtherPayables3Member_doc" xml:lang="en-US">A written promise to pay a note to a third party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables4Member" xlink:to="arl_NotesPayableOtherPayables4Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NotesPayableOtherPayables4Member_doc" xml:lang="en-US">A written promise to pay a note to a third party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables5Member" xlink:to="arl_NotesPayableOtherPayables5Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NotesPayableOtherPayables5Member_doc" xml:lang="en-US">A written promise to pay a note to a third party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DebtRefinancedAmount" xlink:to="arl_DebtRefinancedAmount_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DebtRefinancedAmount_doc" xml:lang="en-US">The principal balance of debt refinanced during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CommercialSegmentsMember" xlink:to="arl_CommercialSegmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CommercialSegmentsMember_doc" xml:lang="en-US">Commercial Segments [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApartmentsSegmentsMember" xlink:to="arl_ApartmentsSegmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ApartmentsSegmentsMember_doc" xml:lang="en-US">Apartments Segments [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandSegmentsMember" xlink:to="arl_LandSegmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LandSegmentsMember_doc" xml:lang="en-US">Land Segments [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SegmentsMember" xlink:to="arl_SegmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SegmentsMember_doc" xml:lang="en-US">Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageAndLoanInterestIncludingCharges" xlink:to="arl_MortgageAndLoanInterestIncludingCharges_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MortgageAndLoanInterestIncludingCharges_doc" xml:lang="en-US">Amount of the cost of borrowed funds accounted for as interest expense for debt including loan charges and prepayment penalities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CapitalExpenditures" xlink:to="arl_CapitalExpenditures_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CapitalExpenditures_doc" xml:lang="en-US">Refers to capital expenditures as on date</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateSalesPrice" xlink:to="arl_RealEstateSalesPrice_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealEstateSalesPrice_doc" xml:lang="en-US">The selling of price of real estate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateCostOfSales" xlink:to="arl_RealEstateCostOfSales_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealEstateCostOfSales_doc" xml:lang="en-US">The cost of sales of real estate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateRecognizedPriorDeferredGain" xlink:to="arl_RealEstateRecognizedPriorDeferredGain_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealEstateRecognizedPriorDeferredGain_doc" xml:lang="en-US">The recognized amount of prior deferred gain of sales of real estate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherAssetsAndReceivables" xlink:to="arl_OtherAssetsAndReceivables_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OtherAssetsAndReceivables_doc" xml:lang="en-US">Amount of assets and receivables classified as other.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense" xlink:to="arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense_doc" xml:lang="en-US">Amount of property operating expense attributable to disposal group, including, but not limited to, discontinued operation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense" xlink:to="arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense_doc" xml:lang="en-US">Amount of other income (expense) attributable to disposal group, including, but not limited to, discontinued operation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingLoanChargesAndPrepaymentPenalties" xlink:to="arl_DisposalGroupIncludingLoanChargesAndPrepaymentPenalties_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DisposalGroupIncludingLoanChargesAndPrepaymentPenalties_doc" xml:lang="en-US">It represents as a loan charges and prepayment penalties.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DisposalGroupIncludingDiscontinuedOperationLitigationSettlementExpense" xlink:to="arl_DisposalGroupIncludingDiscontinuedOperationLitigationSettlementExpense_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DisposalGroupIncludingDiscontinuedOperationLitigationSettlementExpense_doc" xml:lang="en-US">Amount of litigation settlement expense attributable to disposal group, including, but not limited to, discontinued operation.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis" xlink:to="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PropertiesHeldforInvestmentCorporateDebtMember" xlink:to="arl_PropertiesHeldforInvestmentCorporateDebtMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PropertiesHeldforInvestmentCorporateDebtMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PropertiesHeldforInvestmentApartmentsMember" xlink:to="arl_PropertiesHeldforInvestmentApartmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PropertiesHeldforInvestmentApartmentsMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AndersonEstatesOxfordMSMember" xlink:to="arl_AndersonEstatesOxfordMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_AndersonEstatesOxfordMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BlueLakeVillasIWaxahachieTXMember" xlink:to="arl_BlueLakeVillasIWaxahachieTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BlueLakeVillasIWaxahachieTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BlueLakeVillasIIWaxahachieTXMember" xlink:to="arl_BlueLakeVillasIIWaxahachieTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BlueLakeVillasIIWaxahachieTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BreakwaterBayBeaumontTXMember" xlink:to="arl_BreakwaterBayBeaumontTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BreakwaterBayBeaumontTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BridgewoodRanchKaufmanTXMember" xlink:to="arl_BridgewoodRanchKaufmanTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BridgewoodRanchKaufmanTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CapitolHillLittleRockARMember" xlink:to="arl_CapitolHillLittleRockARMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CapitolHillLittleRockARMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CentennialOakRidgeTNMember" xlink:to="arl_CentennialOakRidgeTNMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CentennialOakRidgeTNMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CrossingatOpelikaOpelikaALMember" xlink:to="arl_CrossingatOpelikaOpelikaALMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CrossingatOpelikaOpelikaALMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CurtisMooreEstatesGreenwoodMSMember" xlink:to="arl_CurtisMooreEstatesGreenwoodMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CurtisMooreEstatesGreenwoodMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DakotaArmsLubbockTXMember" xlink:to="arl_DakotaArmsLubbockTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DakotaArmsLubbockTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DavidJordanPhaseIIGreenwoodMSMember" xlink:to="arl_DavidJordanPhaseIIGreenwoodMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DavidJordanPhaseIIGreenwoodMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DavidJordanPhaseIIIGreenwoodMSMember" xlink:to="arl_DavidJordanPhaseIIIGreenwoodMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DavidJordanPhaseIIIGreenwoodMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DesotoRanchDeSotoTXMember" xlink:to="arl_DesotoRanchDeSotoTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DesotoRanchDeSotoTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_FalconLakesArlingtonTXMember" xlink:to="arl_FalconLakesArlingtonTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_FalconLakesArlingtonTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HeatherCreekMesquiteTXMember" xlink:to="arl_HeatherCreekMesquiteTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_HeatherCreekMesquiteTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HollandLakeWeatherfordTXMember" xlink:to="arl_HollandLakeWeatherfordTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_HollandLakeWeatherfordTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LakeForestHoustonTXMember" xlink:to="arl_LakeForestHoustonTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LakeForestHoustonTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LegacyatPleasantGroveTexarkanaTXMember" xlink:to="arl_LegacyatPleasantGroveTexarkanaTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LegacyatPleasantGroveTexarkanaTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LoftsatReynoldsVillageAshevilleNCMember" xlink:to="arl_LoftsatReynoldsVillageAshevilleNCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LoftsatReynoldsVillageAshevilleNCMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LodgeatPecanCreekDentonTXMember" xlink:to="arl_LodgeatPecanCreekDentonTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LodgeatPecanCreekDentonTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MansionsofMansfieldMansfieldTXMember" xlink:to="arl_MansionsofMansfieldMansfieldTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MansionsofMansfieldMansfieldTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MetropolitanApartmentsNorthLittleRockARMember" xlink:to="arl_MetropolitanApartmentsNorthLittleRockARMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MetropolitanApartmentsNorthLittleRockARMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MissionOaksSanAntonioTXMember" xlink:to="arl_MissionOaksSanAntonioTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MissionOaksSanAntonioTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MonticelloEstateMonticelloARMember" xlink:to="arl_MonticelloEstateMonticelloARMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MonticelloEstateMonticelloARMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NorthsideonTravisShermanTXMember" xlink:to="arl_NorthsideonTravisShermanTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NorthsideonTravisShermanTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OakHollowSequinTXMember" xlink:to="arl_OakHollowSequinTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OakHollowSequinTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OceanaireApartmentsBiloxiMSMember" xlink:to="arl_OceanaireApartmentsBiloxiMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OceanaireApartmentsBiloxiMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OverlookatAllensvilleSeviervilleTNMember" xlink:to="arl_OverlookatAllensvilleSeviervilleTNMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OverlookatAllensvilleSeviervilleTNMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatClarksvilleClarksvilleTNMember" xlink:to="arl_ParcatClarksvilleClarksvilleTNMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ParcatClarksvilleClarksvilleTNMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatDenhamSpringsDenhamSpringsLAMember" xlink:to="arl_ParcatDenhamSpringsDenhamSpringsLAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ParcatDenhamSpringsDenhamSpringsLAMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatMaumelleLittleRockARMember" xlink:to="arl_ParcatMaumelleLittleRockARMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ParcatMaumelleLittleRockARMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatMetroCenterNashvilleTNMember" xlink:to="arl_ParcatMetroCenterNashvilleTNMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ParcatMetroCenterNashvilleTNMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatRogersRogersARMember" xlink:to="arl_ParcatRogersRogersARMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ParcatRogersRogersARMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PreserveatPecanCreekDentonTXMember" xlink:to="arl_PreserveatPecanCreekDentonTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PreserveatPecanCreekDentonTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PreserveatPrairiePointeLubbockTXMember" xlink:to="arl_PreserveatPrairiePointeLubbockTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PreserveatPrairiePointeLubbockTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RiverwalkPhaseIGreenvilleMSMember" xlink:to="arl_RiverwalkPhaseIGreenvilleMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RiverwalkPhaseIGreenvilleMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RiverwalkPhaseIIGreenvilleMSMember" xlink:to="arl_RiverwalkPhaseIIGreenvilleMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RiverwalkPhaseIIGreenvilleMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SawgrassCreekMember" xlink:to="arl_SawgrassCreekMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SawgrassCreekMember_doc" xml:lang="en-US">It refers to sawgrass creek.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SonomaCourtRockwallTXMember" xlink:to="arl_SonomaCourtRockwallTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SonomaCourtRockwallTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SugarMillBatonRougeLAMember" xlink:to="arl_SugarMillBatonRougeLAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SugarMillBatonRougeLAMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TattersallVillageHinesvilleGAMember" xlink:to="arl_TattersallVillageHinesvilleGAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TattersallVillageHinesvilleGAMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ToulonGautierMSMember" xlink:to="arl_ToulonGautierMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ToulonGautierMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TradewindsMidlandTXMember" xlink:to="arl_TradewindsMidlandTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TradewindsMidlandTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VillagerFt.WaltonFLMember" xlink:to="arl_VillagerFt.WaltonFLMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VillagerFt.WaltonFLMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VillasatParkWestIPuebloCOMember" xlink:to="arl_VillasatParkWestIPuebloCOMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VillasatParkWestIPuebloCOMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VillasatParkWestIIPuebloCOMember" xlink:to="arl_VillasatParkWestIIPuebloCOMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VillasatParkWestIIPuebloCOMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VistaRidgeTupeloMSMember" xlink:to="arl_VistaRidgeTupeloMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VistaRidgeTupeloMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VistasofVanceJacksonSanAntonioTXMember" xlink:to="arl_VistasofVanceJacksonSanAntonioTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VistasofVanceJacksonSanAntonioTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WaterfordRosebergTXMember" xlink:to="arl_WaterfordRosebergTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WaterfordRosebergTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WestwoodMaryEsterFLMember" xlink:to="arl_WestwoodMaryEsterFLMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WestwoodMaryEsterFLMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WindsongFortWorthTXMember" xlink:to="arl_WindsongFortWorthTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WindsongFortWorthTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AbodeRedRockMember" xlink:to="arl_AbodeRedRockMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_AbodeRedRockMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ForestPinesMember" xlink:to="arl_ForestPinesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ForestPinesMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LakesideLoftsFarmersBranchTXMember" xlink:to="arl_LakesideLoftsFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LakesideLoftsFarmersBranchTXMember_doc" xml:lang="en-US">It refers to lakeside lofts farmers branch TX.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TXMember" xlink:to="arl_TXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TXMember_doc" xml:lang="en-US">It refers to texas.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_McKinneyPointMember" xlink:to="arl_McKinneyPointMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_McKinneyPointMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatBentonvilleMember" xlink:to="arl_ParcatBentonvilleMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ParcatBentonvilleMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatGarlandMember" xlink:to="arl_ParcatGarlandMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ParcatGarlandMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ParcatWylieMember" xlink:to="arl_ParcatWylieMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ParcatWylieMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OakHollowIIMember" xlink:to="arl_OakHollowIIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OakHollowIIMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OverlookAtAllensvilleSquareIISeigervilleTNMember" xlink:to="arl_OverlookAtAllensvilleSquareIISeigervilleTNMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OverlookAtAllensvilleSquareIISeigervilleTNMember_doc" xml:lang="en-US">It refers to overlook at allensville square II seigerville TN.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SawgrassIIMember" xlink:to="arl_SawgrassIIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SawgrassIIMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TerraLagoRowlettTXMember" xlink:to="arl_TerraLagoRowlettTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TerraLagoRowlettTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CommercialHeldforInvestmentMember" xlink:to="arl_CommercialHeldforInvestmentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CommercialHeldforInvestmentMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LasColinasLasColinasTXMember" xlink:to="arl_LasColinasLasColinasTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LasColinasLasColinasTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SouthPostOakHoustonTXMember" xlink:to="arl_SouthPostOakHoustonTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SouthPostOakHoustonTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BridgeviewPlazaLaCrosseWIMember" xlink:to="arl_BridgeviewPlazaLaCrosseWIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BridgeviewPlazaLaCrosseWIMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BrowningPlaceParkWestIFarmersBranchTXMember" xlink:to="arl_BrowningPlaceParkWestIFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BrowningPlaceParkWestIFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MahoganyRunGolfCourseUSVirginIslandsMember" xlink:to="arl_MahoganyRunGolfCourseUSVirginIslandsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MahoganyRunGolfCourseUSVirginIslandsMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_FruitlandPlazaFruitlandParkFLMember" xlink:to="arl_FruitlandPlazaFruitlandParkFLMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_FruitlandPlazaFruitlandParkFLMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SenlacVHPFarmersBranchTXMember" xlink:to="arl_SenlacVHPFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SenlacVHPFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_StanfordCenterDallasTXMember" xlink:to="arl_StanfordCenterDallasTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_StanfordCenterDallasTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandHeldforInvestmentMember" xlink:to="arl_LandHeldforInvestmentMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LandHeldforInvestmentMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AudubonAdamsCountyMSMember" xlink:to="arl_AudubonAdamsCountyMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_AudubonAdamsCountyMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BonneauLandFarmersBranchTXMember" xlink:to="arl_BonneauLandFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BonneauLandFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CooksLaneFortWorthTXMember" xlink:to="arl_CooksLaneFortWorthTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CooksLaneFortWorthTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DedeauxGulfportMSMember" xlink:to="arl_DedeauxGulfportMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DedeauxGulfportMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DenhamSpringsDenhamSpringsLAMember" xlink:to="arl_DenhamSpringsDenhamSpringsLAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DenhamSpringsDenhamSpringsLAMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GautierLandGautierMSMember" xlink:to="arl_GautierLandGautierMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_GautierLandGautierMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LakeShoreVillasHumbleTXMember" xlink:to="arl_LakeShoreVillasHumbleTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LakeShoreVillasHumbleTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LubbockLandLubbockTXMember" xlink:to="arl_LubbockLandLubbockTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LubbockLandLubbockTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NakashMaldenMOMember" xlink:to="arl_NakashMaldenMOMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NakashMaldenMOMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NashvilleNashvilleTNMember" xlink:to="arl_NashvilleNashvilleTNMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NashvilleNashvilleTNMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OceanEstatesGulfportMSMember" xlink:to="arl_OceanEstatesGulfportMSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OceanEstatesGulfportMSMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TexasPlazaLandIrvingTXMember" xlink:to="arl_TexasPlazaLandIrvingTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TexasPlazaLandIrvingTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnionPacificRailroadLandDallasTXMember" xlink:to="arl_UnionPacificRailroadLandDallasTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnionPacificRailroadLandDallasTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WillowickLandPensacolaFLMember" xlink:to="arl_WillowickLandPensacolaFLMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WillowickLandPensacolaFLMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WindmillFarmsLandKaufmanCountyTXMember" xlink:to="arl_WindmillFarmsLandKaufmanCountyTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WindmillFarmsLandKaufmanCountyTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ValleyViewLnFarmersBranchTXMember" xlink:to="arl_ValleyViewLnFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ValleyViewLnFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HollywoodCasinoLandTractIIFarmersBranchTXMember" xlink:to="arl_HollywoodCasinoLandTractIIFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_HollywoodCasinoLandTractIIFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LacyLonghornLandFarmersBranchTXMember" xlink:to="arl_LacyLonghornLandFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LacyLonghornLandFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MinivestLandDallasTXMember" xlink:to="arl_MinivestLandDallasTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MinivestLandDallasTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MiraLagoFarmersBranchTXMember" xlink:to="arl_MiraLagoFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MiraLagoFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NicholsonCroslinDallasTXMember" xlink:to="arl_NicholsonCroslinDallasTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NicholsonCroslinDallasTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NicholsonMendozaDallasTXMember" xlink:to="arl_NicholsonMendozaDallasTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NicholsonMendozaDallasTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SenlacLandTractIIFarmersBranchTXMember" xlink:to="arl_SenlacLandTractIIFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SenlacLandTractIIFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ValleyView34MercerCrossingFarmersBranchTXMember" xlink:to="arl_ValleyView34MercerCrossingFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ValleyView34MercerCrossingFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DominionMercerFarmersBranchTXMember" xlink:to="arl_DominionMercerFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DominionMercerFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MandahlBayLandMember" xlink:to="arl_MandahlBayLandMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MandahlBayLandMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_McKinney36CollinCountyTXMember" xlink:to="arl_McKinney36CollinCountyTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_McKinney36CollinCountyTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravisRanchLandKaufmanCountyTXMember" xlink:to="arl_TravisRanchLandKaufmanCountyTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TravisRanchLandKaufmanCountyTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravisRanchRetailKaufmanCityTXMember" xlink:to="arl_TravisRanchRetailKaufmanCityTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TravisRanchRetailKaufmanCityTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PropertiesSubjecttoSalesContractApartmentsMember" xlink:to="arl_PropertiesSubjecttoSalesContractApartmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PropertiesSubjecttoSalesContractApartmentsMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandSubjecttoSalesContractMember" xlink:to="arl_LandSubjecttoSalesContractMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LandSubjecttoSalesContractMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DominionTractDallasTXMember" xlink:to="arl_DominionTractDallasTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DominionTractDallasTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HollywoodCasinoTractIFarmersBranchTXMember" xlink:to="arl_HollywoodCasinoTractIFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_HollywoodCasinoTractIFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LaDueLandFarmersBranchTXMember" xlink:to="arl_LaDueLandFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LaDueLandFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ThreeHickoryLandFarmersBranchTXMember" xlink:to="arl_ThreeHickoryLandFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ThreeHickoryLandFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravelersLandFarmersBranchTXMember" xlink:to="arl_TravelersLandFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TravelersLandFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravelersLandFarmersBranch1TXMember" xlink:to="arl_TravelersLandFarmersBranch1TXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TravelersLandFarmersBranch1TXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ValwoodLandFarmersBranchTXMember" xlink:to="arl_ValwoodLandFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ValwoodLandFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WalkerLandDallasCountyTXMember" xlink:to="arl_WalkerLandDallasCountyTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WalkerLandDallasCountyTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WhortonLandBentonvilleARMember" xlink:to="arl_WhortonLandBentonvilleARMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WhortonLandBentonvilleARMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApalachePointMember" xlink:to="arl_ApalachePointMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ApalachePointMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EagleCrossingMember" xlink:to="arl_EagleCrossingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_EagleCrossingMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SugarMillIIMember" xlink:to="arl_SugarMillIIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SugarMillIIMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:loc xlink:type="locator" xlink:href="arl-20171231.xsd#arl_GNBLandFarmersBranchTXMember" xlink:label="arl_GNBLandFarmersBranchTXMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GNBLandFarmersBranchTXMember" xlink:to="arl_GNBLandFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_GNBLandFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GNBLandARI806L2870Member" xlink:to="arl_GNBLandARI806L2870Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_GNBLandARI806L2870Member_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GNBLandEdina607L2875Member" xlink:to="arl_GNBLandEdina607L2875Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_GNBLandEdina607L2875Member_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_GNBLandEdinaB1530Member" xlink:to="arl_GNBLandEdinaB1530Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_GNBLandEdinaB1530Member_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ManhattanLandFarmersBranchTXMember" xlink:to="arl_ManhattanLandFarmersBranchTXMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ManhattanLandFarmersBranchTXMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MeloyPortageLandKentOHMember" xlink:to="arl_MeloyPortageLandKentOHMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MeloyPortageLandKentOHMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_CorporateDepartmentsInvestmentsMiscMember" xlink:to="arl_CorporateDepartmentsInvestmentsMiscMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_CorporateDepartmentsInvestmentsMiscMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TCICorporateMember" xlink:to="arl_TCICorporateMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TCICorporateMember_doc" xml:lang="en-US">Information by name of property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandSoldMember" xlink:to="arl_LandSoldMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LandSoldMember_doc" xml:lang="en-US">Information by type of real estate property.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges" xlink:to="arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges_doc" xml:lang="en-US">It represents s a real estate and accumulated depreciation asset impairment charges.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2" xlink:to="arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2_doc" xml:lang="en-US">It represents as a real estate and accumulated depreciation date of construction.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateAndAccumulatedDepreciationDateAcquired" xlink:to="arl_RealEstateAndAccumulatedDepreciationDateAcquired_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealEstateAndAccumulatedDepreciationDateAcquired_doc" xml:lang="en-US">It represents as a real estate and accumulated depreciation date acquired.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod" xlink:to="arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod_doc" xml:lang="en-US">The duration period applicable to the life on Which Depreciation In Latest Statement of Operation is Computed.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AffiliatedEntity1Member" xlink:to="arl_AffiliatedEntity1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_AffiliatedEntity1Member_doc" xml:lang="en-US">An affiliate is a party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedAdvisoryFees" xlink:to="arl_DueFromRelatedAdvisoryFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DueFromRelatedAdvisoryFees_doc" xml:lang="en-US">It represents as a due from related advisory fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageBrokerageAndEquityRefinancingRelatedParty" xlink:to="arl_MortgageBrokerageAndEquityRefinancingRelatedParty_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MortgageBrokerageAndEquityRefinancingRelatedParty_doc" xml:lang="en-US">The amount of mortgage brokerage and equity refinancing fees with related party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedNetIncomeFee" xlink:to="arl_DueFromRelatedNetIncomeFee_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DueFromRelatedNetIncomeFee_doc" xml:lang="en-US">It represents as a due from related net income fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedPropertyAcquisitionAndSales" xlink:to="arl_DueFromRelatedPropertyAcquisitionAndSales_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DueFromRelatedPropertyAcquisitionAndSales_doc" xml:lang="en-US">It represents as a due from related to sales fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedPropertyAcquisition" xlink:to="arl_DueFromRelatedPropertyAcquisition_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DueFromRelatedPropertyAcquisition_doc" xml:lang="en-US">It represents as a due from related property acquisition.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions" xlink:to="arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions_doc" xml:lang="en-US">It represents as a due from related property construction management and leasing commissions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealEstateBrokerageFeesRelatedParty" xlink:to="arl_RealEstateBrokerageFeesRelatedParty_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealEstateBrokerageFeesRelatedParty_doc" xml:lang="en-US">The amount of real estate brokerage fees with related party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedFeesAndCommissions" xlink:to="arl_DueFromRelatedFeesAndCommissions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DueFromRelatedFeesAndCommissions_doc" xml:lang="en-US">It represents as a due from related fees and commissions.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedCostReimbursements" xlink:to="arl_DueFromRelatedCostReimbursements_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DueFromRelatedCostReimbursements_doc" xml:lang="en-US">Refers to due from related party payment for cost of reimbursements.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestExpenseIncomeRelatedParty" xlink:to="arl_InterestExpenseIncomeRelatedParty_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestExpenseIncomeRelatedParty_doc" xml:lang="en-US">It represents as a interest expense income related party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartyOtherExpense" xlink:to="arl_RelatedPartyOtherExpense_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RelatedPartyOtherExpense_doc" xml:lang="en-US">It represents as a related party &amp;amp;amp;amp;amp;amp; other expences.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartyFinancingMortgagePayments" xlink:to="arl_RelatedPartyFinancingMortgagePayments_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RelatedPartyFinancingMortgagePayments_doc" xml:lang="en-US">Refers to due from related party payment for financing mortgage payments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartySalesPurchasesTransactions" xlink:to="arl_RelatedPartySalesPurchasesTransactions_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RelatedPartySalesPurchasesTransactions_doc" xml:lang="en-US">Sales/purchases during the period with related party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncMember" xlink:to="arl_UnifiedHousingFoundationIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DueFromRelatedPropertyRentalRevenue" xlink:to="arl_DueFromRelatedPropertyRentalRevenue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DueFromRelatedPropertyRentalRevenue_doc" xml:lang="en-US">It represents as a due from related property rental revenue.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestIncomeRecognizedRelatedParty" xlink:to="arl_InterestIncomeRecognizedRelatedParty_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestIncomeRecognizedRelatedParty_doc" xml:lang="en-US">It represents as a interest income recognized related party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestIncomeOriginatedRelatedParty" xlink:to="arl_InterestIncomeOriginatedRelatedParty_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestIncomeOriginatedRelatedParty_doc" xml:lang="en-US">It represents as a interest income originated related party.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TranscontinentialRealtyInvestorsMember" xlink:to="arl_TranscontinentialRealtyInvestorsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_TranscontinentialRealtyInvestorsMember_doc" xml:lang="en-US">Name of investment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EquityMethodInvestee1Member" xlink:to="arl_EquityMethodInvestee1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_EquityMethodInvestee1Member_doc" xml:lang="en-US">Name of investment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AreaOfLandComprisingGolfCourse" xlink:to="arl_AreaOfLandComprisingGolfCourse_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_AreaOfLandComprisingGolfCourse_doc" xml:lang="en-US">Information related to area of land comprising golf course.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ProjectsInDevelopment" xlink:to="arl_ProjectsInDevelopment_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ProjectsInDevelopment_doc" xml:lang="en-US">The number of projects in development.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RemainingAmortizationPeriodForDeferredFinancingCosts" xlink:to="arl_RemainingAmortizationPeriodForDeferredFinancingCosts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RemainingAmortizationPeriodForDeferredFinancingCosts_doc" xml:lang="en-US">The period remaining for amortization of deferred financing costs, as tied to the term of the related financing agreement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NumberOfPreferredStockConverted" xlink:to="arl_NumberOfPreferredStockConverted_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NumberOfPreferredStockConverted_doc" xml:lang="en-US">Number of preferred stock converted during the period.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AccumulatedDividendsUnpaidUponConversion" xlink:to="arl_AccumulatedDividendsUnpaidUponConversion_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_AccumulatedDividendsUnpaidUponConversion_doc" xml:lang="en-US">Refers to accumulated dividend unpaid upon conversion.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PreferredStockHeldBySubsidiary" xlink:to="arl_PreferredStockHeldBySubsidiary_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PreferredStockHeldBySubsidiary_doc" xml:lang="en-US">It represents as a preferred stock held by subsidiary.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_FinancialGuarantee1Member" xlink:to="arl_FinancialGuarantee1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_FinancialGuarantee1Member_doc" xml:lang="en-US">An agreement (contract) that requires the guarantor to make payments to the guaranteed party based on another entity's failure to pay specified obligations, such as debt, to a lender.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ClapperPartiesMember" xlink:to="arl_ClapperPartiesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ClapperPartiesMember_doc" xml:lang="en-US">Judicial proceeding, alternative dispute resolution or claim. For example, but not limited to, name of case, category of litigation, or other differentiating information.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BasicEntityMember" xlink:to="arl_BasicEntityMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BasicEntityMember_doc" xml:lang="en-US">Information pertaining to Basical Capital Management Inc.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EquityMethodInvestee4Member" xlink:to="arl_EquityMethodInvestee4Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_EquityMethodInvestee4Member_doc" xml:lang="en-US">Name of investment.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LossContingencyActualDamagesSoughtValue" xlink:to="arl_LossContingencyActualDamagesSoughtValue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LossContingencyActualDamagesSoughtValue_doc" xml:lang="en-US">The actual value (monetary amount) of the award the plaintiff seeks in the legal matter.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LossContingencyDamagesSoughtInterestValue" xlink:to="arl_LossContingencyDamagesSoughtInterestValue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LossContingencyDamagesSoughtInterestValue_doc" xml:lang="en-US">The interest value (monetary amount) of the award the plaintiff seeks in the legal matter.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnfundedLoanCommitment" xlink:to="arl_UnfundedLoanCommitment_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnfundedLoanCommitment_doc" xml:lang="en-US">The contractual amount of off-balance sheet lending-related financial instruments (e.g., commitments and guarantees), which represents the maximum possible credit risk should the counterparty draw upon the commitment or the entity be required to fulfill its obligation under the guarantee, and the counterparty subsequently fail to perform according to the terms of the contract.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DamagesPrejudgementInterest" xlink:to="arl_DamagesPrejudgementInterest_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DamagesPrejudgementInterest_doc" xml:lang="en-US">Amount of pre-judgment interest awarded to the plaintiff in the legal matter.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DamagesTotal" xlink:to="arl_DamagesTotal_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DamagesTotal_doc" xml:lang="en-US">Amount of damages awarded to the plaintiff in the legal matter, including interest.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_AwardedAttorneyFees" xlink:to="arl_AwardedAttorneyFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_AwardedAttorneyFees_doc" xml:lang="en-US">Amount of attorneys' fees awarded to the plaintiff in the legal matter.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PostjudgmentInterestRate" xlink:to="arl_PostjudgmentInterestRate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PostjudgmentInterestRate_doc" xml:lang="en-US">Post-judgement interest rate for awards, under the final judgement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RAIMember" xlink:to="arl_RAIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RAIMember_doc" xml:lang="en-US">An affiliate is a party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PercentageOfAverageDailyClosingPriceOfCommonStock" xlink:to="arl_PercentageOfAverageDailyClosingPriceOfCommonStock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PercentageOfAverageDailyClosingPriceOfCommonStock_doc" xml:lang="en-US">The percentage of the average daily closing price of common stock computed upon conversion of convertible preferred stock.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NumberOfTradingDays" xlink:to="arl_NumberOfTradingDays_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NumberOfTradingDays_doc" xml:lang="en-US">Number of trading days in computing common stock price upon conversion od convertible preferred stock.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ChristineTunneyMember" xlink:to="arl_ChristineTunneyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ChristineTunneyMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember" xlink:to="arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ComptonPartnersMember" xlink:to="arl_ComptonPartnersMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ComptonPartnersMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DavidMonierMember" xlink:to="arl_DavidMonierMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DavidMonierMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EarlSamsonIIIMember" xlink:to="arl_EarlSamsonIIIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_EarlSamsonIIIMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_EdwardSamsonIIIMember" xlink:to="arl_EdwardSamsonIIIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_EdwardSamsonIIIMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_H198LLCMember" xlink:to="arl_H198LLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_H198LLCMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LasVegasLandMember" xlink:to="arl_LasVegasLandMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LasVegasLandMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HammonOperatingCorporationMember" xlink:to="arl_HammonOperatingCorporationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_HammonOperatingCorporationMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HaroldWolfeMember" xlink:to="arl_HaroldWolfeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_HaroldWolfeMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_HerrickPartnersMember" xlink:to="arl_HerrickPartnersMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_HerrickPartnersMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MaryAnnaMacLeanMember" xlink:to="arl_MaryAnnaMacLeanMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MaryAnnaMacLeanMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MichaelMonierMember" xlink:to="arl_MichaelMonierMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MichaelMonierMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MichaleWitteMember" xlink:to="arl_MichaleWitteMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MichaleWitteMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PalmerBrownMaddenMember" xlink:to="arl_PalmerBrownMaddenMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PalmerBrownMaddenMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RichardSchmaltzMember" xlink:to="arl_RichardSchmaltzMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RichardSchmaltzMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RobertBaylisMember" xlink:to="arl_RobertBaylisMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RobertBaylisMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ShermanBullMember" xlink:to="arl_ShermanBullMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_ShermanBullMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncEchoStationMember" xlink:to="arl_UnifiedHousingFoundationIncEchoStationMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncEchoStationMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Echo Station) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofTempleLLCMember" xlink:to="arl_InterestinUHofTempleLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofTempleLLCMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember" xlink:to="arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofInwoodLLCMember" xlink:to="arl_InterestinUHofInwoodLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofInwoodLLCMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember" xlink:to="arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofKensingtonLLCMember" xlink:to="arl_InterestinUHofKensingtonLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofKensingtonLLCMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember" xlink:to="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUnifiedHousingFoundationIncMember" xlink:to="arl_InterestinUnifiedHousingFoundationIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUnifiedHousingFoundationIncMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinHFSofHumbleLLCMember" xlink:to="arl_InterestinHFSofHumbleLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinHFSofHumbleLLCMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneRanchMember" xlink:to="arl_UnifiedHousingFoundationIncLimestoneRanchMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncLimestoneRanchMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Ranch) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofVistaRidgeLLCMember" xlink:to="arl_InterestinUHofVistaRidgeLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofVistaRidgeLLCMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember" xlink:to="arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofHarvestHillILLCMember" xlink:to="arl_InterestinUHofHarvestHillILLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofHarvestHillILLCMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember" xlink:to="arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofHarvestHillLLCMember" xlink:to="arl_InterestinUHofHarvestHillLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofHarvestHillLLCMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTimbersofTerrellMember" xlink:to="arl_UnifiedHousingFoundationIncTimbersofTerrellMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncTimbersofTerrellMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofTerrellLLCMember" xlink:to="arl_InterestinUHofTerrellLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofTerrellLLCMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTivoliMember" xlink:to="arl_UnifiedHousingFoundationIncTivoliMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncTivoliMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Tivoli) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofTivoliLLCMember" xlink:to="arl_InterestinUHofTivoliLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofTivoliLLCMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember" xlink:to="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Trails at White Rock) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_InterestinUHofHarvestHillIIILLCMember" xlink:to="arl_InterestinUHofHarvestHillIIILLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_InterestinUHofHarvestHillIIILLCMember_doc" xml:lang="en-US">This element represents the categories used to group real estate mortgage loans into groups of loans by loan category. Examples of loan categories include, but are not limited to, first mortgage, second mortgage, and construction loans.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WilliamHIngramMember" xlink:to="arl_WilliamHIngramMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WilliamHIngramMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WilliamSUrkielMember" xlink:to="arl_WilliamSUrkielMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WilliamSUrkielMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_WillinghamRevocableTrustMember" xlink:to="arl_WillinghamRevocableTrustMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_WillinghamRevocableTrustMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousRelatedPartyNotesMember" xlink:to="arl_VariousRelatedPartyNotesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VariousRelatedPartyNotesMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousNonRelatedPartyNotesMember" xlink:to="arl_VariousNonRelatedPartyNotesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VariousNonRelatedPartyNotesMember_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LemanDevelopmentLtd1Member" xlink:to="arl_LemanDevelopmentLtd1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LemanDevelopmentLtd1Member_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OneRealcoCorporation1Member" xlink:to="arl_OneRealcoCorporation1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OneRealcoCorporation1Member_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OulanChikhFamilyTrustMember" xlink:to="arl_OulanChikhFamilyTrustMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OulanChikhFamilyTrustMember_doc" xml:lang="en-US">Oulan-Chikh Family Trust [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RealtyAdvisorsManagementIncMember" xlink:to="arl_RealtyAdvisorsManagementIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_RealtyAdvisorsManagementIncMember_doc" xml:lang="en-US">Realty Advisors Management, Inc. (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member" xlink:to="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLC1Member_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc5Member" xlink:to="arl_UnifiedHousingFoundationInc5Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationInc5Member_doc" xml:lang="en-US">Information by type of receivable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc1Member" xlink:to="arl_UnifiedHousingFoundationInc1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationInc1Member_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousRelatedPartyNotes1Member" xlink:to="arl_VariousRelatedPartyNotes1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VariousRelatedPartyNotes1Member_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousNonRelatedPartyNotes1Member" xlink:to="arl_VariousNonRelatedPartyNotes1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VariousNonRelatedPartyNotes1Member_doc" xml:lang="en-US">The description of a mortgage loan or group of similar mortgage loans, which may include number of loans by original loan amounts and type of loan (for example, VA, FHA, Conventional).</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MortgageLoanOnRealEstateFinalMaturityDate1" xlink:to="arl_MortgageLoanOnRealEstateFinalMaturityDate1_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MortgageLoanOnRealEstateFinalMaturityDate1_doc" xml:lang="en-US">It represents as a mortgage loan on real estate final maturity date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_H198LLCLasVegasLandMember" xlink:to="arl_H198LLCLasVegasLandMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_H198LLCLasVegasLandMember_doc" xml:lang="en-US">H198, LLC (Las Vegas Land) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LemanDevelopmentLtdMember" xlink:to="arl_LemanDevelopmentLtdMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LemanDevelopmentLtdMember_doc" xml:lang="en-US">Amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncCliffsofElDoradoMember" xlink:to="arl_UnifiedHousingFoundationIncCliffsofElDoradoMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncCliffsofElDoradoMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Cliffs of El Dorado) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncInwoodontheParkMember" xlink:to="arl_UnifiedHousingFoundationIncInwoodontheParkMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncInwoodontheParkMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Inwood on the Park) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncKensingtonParkMember" xlink:to="arl_UnifiedHousingFoundationIncKensingtonParkMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncKensingtonParkMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Kensington Park) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLakeshoreVillasMember" xlink:to="arl_UnifiedHousingFoundationIncLakeshoreVillasMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillasMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Lakeshore Villas) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLakeshoreVillas1Member" xlink:to="arl_UnifiedHousingFoundationIncLakeshoreVillas1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncLakeshoreVillas1Member_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Lakeshore Villas) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneCanyonMember" xlink:to="arl_UnifiedHousingFoundationIncLimestoneCanyonMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncLimestoneCanyonMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Canyon) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneCanyon1Member" xlink:to="arl_UnifiedHousingFoundationIncLimestoneCanyon1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncLimestoneCanyon1Member_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Canyon) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncLimestoneRanch1Member" xlink:to="arl_UnifiedHousingFoundationIncLimestoneRanch1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncLimestoneRanch1Member_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Limestone Ranch) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncParksideCrossingMember" xlink:to="arl_UnifiedHousingFoundationIncParksideCrossingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncParksideCrossingMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Parkside Crossing) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember" xlink:to="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member" xlink:to="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncSenderoRidgeMember" xlink:to="arl_UnifiedHousingFoundationIncSenderoRidgeMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncSenderoRidgeMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Sendero Ridge) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncSenderoRidge1Member" xlink:to="arl_UnifiedHousingFoundationIncSenderoRidge1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncSenderoRidge1Member_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Sendero Ridge) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTimbersattheParkMember" xlink:to="arl_UnifiedHousingFoundationIncTimbersattheParkMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationIncTimbersattheParkMember_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (Timbers at the Park) (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc2Member" xlink:to="arl_UnifiedHousingFoundationInc2Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationInc2Member_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc3Member" xlink:to="arl_UnifiedHousingFoundationInc3Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationInc3Member_doc" xml:lang="en-US">Unified Housing Foundation, Inc. (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc4Member" xlink:to="arl_UnifiedHousingFoundationInc4Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationInc4Member_doc" xml:lang="en-US">Information by type of receivable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationInc6Member" xlink:to="arl_UnifiedHousingFoundationInc6Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_UnifiedHousingFoundationInc6Member_doc" xml:lang="en-US">Information by type of receivable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherRelatedPartyNotesMember" xlink:to="arl_OtherRelatedPartyNotesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OtherRelatedPartyNotesMember_doc" xml:lang="en-US">Other related party notes (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherRelatedPartyNotes1Member" xlink:to="arl_OtherRelatedPartyNotes1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OtherRelatedPartyNotes1Member_doc" xml:lang="en-US">Other related party notes (1) [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherNonRelatedPartyNotesMember" xlink:to="arl_OtherNonRelatedPartyNotesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OtherNonRelatedPartyNotesMember_doc" xml:lang="en-US">Other non-related party notes [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_OtherNonRelatedPartyNotes1Member" xlink:to="arl_OtherNonRelatedPartyNotes1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_OtherNonRelatedPartyNotes1Member_doc" xml:lang="en-US">Other non-related party notes [Member].</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest" xlink:to="arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest_doc" xml:lang="en-US">Refers to description of interest rate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings" xlink:to="arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings_doc" xml:lang="en-US">Refers to description of collateral.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PercentageOfMortgageLoansOnRealEstate" xlink:to="arl_PercentageOfMortgageLoansOnRealEstate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_PercentageOfMortgageLoansOnRealEstate_doc" xml:lang="en-US">It represents as a percentage on mortgage notes receivable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SeriesKPreferredStockMember" xlink:to="arl_SeriesKPreferredStockMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SeriesKPreferredStockMember_doc" xml:lang="en-US">Preferred stock that may be exchanged into common shares or other types of securities at the owner's option.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_IncreaseDecreaseDeferredFinancingCosts" xlink:to="arl_IncreaseDecreaseDeferredFinancingCosts_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_IncreaseDecreaseDeferredFinancingCosts_doc" xml:lang="en-US">The increase (decrease) in deferred financing costs, classified as financing activities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NonperformingNotesAndInterestReceivable" xlink:to="arl_NonperformingNotesAndInterestReceivable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NonperformingNotesAndInterestReceivable_doc" xml:lang="en-US">Financing arrangement that represents a contractual right to receive money either on demand or on fixed or determinable dates that are not current in regards to payments.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LoansReceivable1Member" xlink:to="arl_LoansReceivable1Member_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_LoansReceivable1Member_doc" xml:lang="en-US">An amount of money or property, or a portion thereof, leant to a borrower (debtor) in exchange for a promise to repay the amount borrowed plus interest at a date certain in the future.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SeriesBondsPayableTextBlock" xlink:to="arl_SeriesBondsPayableTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SeriesBondsPayableTextBlock_doc" xml:lang="en-US">The entire disclouse for Series bonds payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NonconvertibleDebenturesMember" xlink:to="arl_NonconvertibleDebenturesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NonconvertibleDebenturesMember_doc" xml:lang="en-US">Debenture name.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BondAndBondInterestPayable" xlink:to="arl_BondAndBondInterestPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_BondAndBondInterestPayable_doc" xml:lang="en-US">Carrying value of bond and bond interest as on balance sheet date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NonconvertibleDebenturesAMember" xlink:to="arl_NonconvertibleDebenturesAMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_NonconvertibleDebenturesAMember_doc" xml:lang="en-US">Debenture name.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_SeriesBBondsMember" xlink:to="arl_SeriesBBondsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_SeriesBBondsMember_doc" xml:lang="en-US">Represents as a series B bonds.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_JointVentureMember" xlink:to="arl_JointVentureMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_JointVentureMember_doc" xml:lang="en-US">Name of investment, including named security. Excludes consolidated entity.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_MacquireMember" xlink:to="arl_MacquireMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_MacquireMember_doc" xml:lang="en-US">The set of legal entities associated with a report.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VotingInterestInJointVenture" xlink:to="arl_VotingInterestInJointVenture_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="arl_VotingInterestInJointVenture_doc" xml:lang="en-US">The percentage of voting interest of common stock or equity participation in the investee.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NotesPayableOtherPayables1Member" xlink:to="arl_NotesPayableOtherPayables1Member_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NotesPayableOtherPayables1Member_3_lbl" xml:lang="en-US">NotesPayableOtherPayables1Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_ApartmentsSegmentsMember" xlink:to="arl_ApartmentsSegmentsMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_ApartmentsSegmentsMember_3_lbl" xml:lang="en-US">ApartmentsSegmentsMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_LandSegmentsMember" xlink:to="arl_LandSegmentsMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_LandSegmentsMember_3_lbl" xml:lang="en-US">LandSegmentsMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllOtherSegmentsMember" xlink:to="us-gaap_AllOtherSegmentsMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllOtherSegmentsMember_2_lbl" xml:lang="en-US">Other Segments [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MS" xlink:to="country_MS_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_MS_2_lbl" xml:lang="en-US">MONTSERRAT [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AR" xlink:to="country_AR_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_AR_2_lbl" xml:lang="en-US">ARGENTINA [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_TN" xlink:to="country_TN_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_TN_2_lbl" xml:lang="en-US">TUNISIA [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TXMember" xlink:to="arl_TXMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TXMember_3_lbl" xml:lang="en-US">TXMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_TravelersLandFarmersBranch1TXMember" xlink:to="arl_TravelersLandFarmersBranch1TXMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_TravelersLandFarmersBranch1TXMember_3_lbl" xml:lang="en-US">TravelersLandFarmersBranch1TXMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="us-gaap_UnsecuredDebtMember_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnsecuredDebtMember_2_lbl" xml:lang="en-US">Unsecured Debt [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousRelatedPartyNotes1Member" xlink:to="arl_VariousRelatedPartyNotes1Member_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VariousRelatedPartyNotes1Member_3_lbl" xml:lang="en-US">VariousRelatedPartyNotes1Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_VariousNonRelatedPartyNotes1Member" xlink:to="arl_VariousNonRelatedPartyNotes1Member_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_VariousNonRelatedPartyNotes1Member_3_lbl" xml:lang="en-US">VariousNonRelatedPartyNotes1Member</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_UnifiedHousingFoundationIncTimbersattheParkMember" xlink:to="arl_UnifiedHousingFoundationIncTimbersattheParkMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_UnifiedHousingFoundationIncTimbersattheParkMember_3_lbl" xml:lang="en-US">UnifiedHousingFoundationIncTimbersattheParkMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_NonconvertibleDebenturesAMember" xlink:to="arl_NonconvertibleDebenturesAMember_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_NonconvertibleDebenturesAMember_3_lbl" xml:lang="en-US">NonconvertibleDebenturesAMember</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation" xlink:to="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_2_lbl" xml:lang="en-US">Real Estate Investment Property, Accumulated Depreciation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_2_lbl" xml:lang="en-US">Assets [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_2_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValue" xlink:to="us-gaap_TreasuryStockValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TreasuryStockValue_2_lbl" xml:lang="en-US">Treasury Stock, Value</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_4_lbl" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_2_lbl" xml:lang="en-US">Liabilities and Equity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation" xlink:to="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation_3_lbl" xml:lang="en-US">Discontinued Operation, Tax Effect of Discontinued Operation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:to="us-gaap_PreferredStockDividendsIncomeStatementImpact_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockDividendsIncomeStatementImpact_2_lbl" xml:lang="en-US">Preferred Stock Dividends, Income Statement Impact</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_3_lbl" xml:lang="en-US">Net Income (Loss) Available to Common Stockholders, Basic</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_2_lbl" xml:lang="en-US">Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDiluted_2_lbl" xml:lang="en-US">Earnings Per Share, Diluted</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperations" xlink:to="us-gaap_IncomeLossFromContinuingOperations_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperations_2_lbl" xml:lang="en-US">Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity" xlink:to="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_3_lbl" xml:lang="en-US">Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesOutstanding_3_lbl" xml:lang="en-US">Shares, Outstanding</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDecreaseFromRedemptions" xlink:to="us-gaap_MinorityInterestDecreaseFromRedemptions_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinorityInterestDecreaseFromRedemptions_2_lbl" xml:lang="en-US">Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DividendsPreferredStock_2_lbl" xml:lang="en-US">Dividends, Preferred Stock</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfProperties" xlink:to="us-gaap_GainLossOnSaleOfProperties_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfProperties_3_lbl" xml:lang="en-US">Gain (Loss) on Sale of Properties</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_IncomeLossFromEquityMethodInvestments1" xlink:to="arl_IncomeLossFromEquityMethodInvestments1_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_IncomeLossFromEquityMethodInvestments1_3_lbl" xml:lang="en-US">IncomeLossFromEquityMethodInvestments1</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet" xlink:to="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet_2_lbl" xml:lang="en-US">Increase (Decrease) in Accrued Interest Receivable, Net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_2_lbl" xml:lang="en-US">Increase (Decrease) in Other Operating Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:to="us-gaap_IncreaseDecreaseInPrepaidExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense_2_lbl" xml:lang="en-US">Increase (Decrease) in Prepaid Expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInRestrictedCash" xlink:to="us-gaap_IncreaseDecreaseInRestrictedCash_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash_2_lbl" xml:lang="en-US">Increase (Decrease) in Restricted Cash</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding" xlink:to="us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding_2_lbl" xml:lang="en-US">Increase (Decrease) in Earnest Money Deposits Outstanding</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInLeasingReceivables" xlink:to="us-gaap_IncreaseDecreaseInLeasingReceivables_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInLeasingReceivables_2_lbl" xml:lang="en-US">Increase (Decrease) in Leasing Receivables</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_2_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:to="us-gaap_PaymentsForProceedsFromOtherInvestingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForProceedsFromOtherInvestingActivities_2_lbl" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireNotesReceivable" xlink:to="us-gaap_PaymentsToAcquireNotesReceivable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireNotesReceivable_2_lbl" xml:lang="en-US">Payments to Acquire Notes Receivable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireLand" xlink:to="us-gaap_PaymentsToAcquireLand_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireLand_2_lbl" xml:lang="en-US">Payments to Acquire Land</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromProductiveAssets" xlink:to="us-gaap_PaymentsForProceedsFromProductiveAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForProceedsFromProductiveAssets_2_lbl" xml:lang="en-US">Payments for (Proceeds from) Productive Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet" xlink:to="us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet_2_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_PaymentForImprovementOfLandHeldForDevelopment" xlink:to="arl_PaymentForImprovementOfLandHeldForDevelopment_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_PaymentForImprovementOfLandHeldForDevelopment_3_lbl" xml:lang="en-US">PaymentForImprovementOfLandHeldForDevelopment</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToDevelopRealEstateAssets" xlink:to="us-gaap_PaymentsToDevelopRealEstateAssets_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets_2_lbl" xml:lang="en-US">Payments to Develop Real Estate Assets</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates" xlink:to="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates_2_lbl" xml:lang="en-US">Payments to Acquire Interest in Subsidiaries and Affiliates</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireAndDevelopRealEstate" xlink:to="us-gaap_PaymentsToAcquireAndDevelopRealEstate_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireAndDevelopRealEstate_2_lbl" xml:lang="en-US">Payments to Acquire and Develop Real Estate</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities_2_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RecurringAmortizationOfPrincipalOnNotesPayable" xlink:to="arl_RecurringAmortizationOfPrincipalOnNotesPayable_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RecurringAmortizationOfPrincipalOnNotesPayable_3_lbl" xml:lang="en-US">Deferred tax valuation allowance (percent)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfNotesPayable" xlink:to="us-gaap_RepaymentsOfNotesPayable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfNotesPayable_2_lbl" xml:lang="en-US">Repayments of Notes Payable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_IncreaseDecreaseDeferredFinancingCosts" xlink:to="arl_IncreaseDecreaseDeferredFinancingCosts_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_IncreaseDecreaseDeferredFinancingCosts_3_lbl" xml:lang="en-US">IncreaseDecreaseDeferredFinancingCosts</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDebtIssuanceCosts" xlink:to="us-gaap_PaymentsOfDebtIssuanceCosts_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfDebtIssuanceCosts_2_lbl" xml:lang="en-US">Payments of Debt Issuance Costs</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:to="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_2_lbl" xml:lang="en-US">Payments of Ordinary Dividends, Preferred Stock and Preference Stock</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock" xlink:to="us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock_2_lbl" xml:lang="en-US">Proceeds from Issuance of Convertible Preferred Stock</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_2_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_2_lbl" xml:lang="en-US">Cash and Cash Equivalents, Period Increase (Decrease)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_2_lbl" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax_2_lbl" xml:lang="en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:to="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_2_lbl" xml:lang="en-US">Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyAtCost" xlink:to="us-gaap_RealEstateInvestmentPropertyAtCost_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost_2_lbl" xml:lang="en-US">Real Estate Investment Property, at Cost</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1" xlink:to="us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1_2_lbl" xml:lang="en-US">Mortgage Loans on Real Estate, Write-down or Reserve, Amount</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeRelatedParty" xlink:to="us-gaap_InterestIncomeRelatedParty_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeRelatedParty_2_lbl" xml:lang="en-US">Interest Income, Related Party</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayable" xlink:to="us-gaap_NotesPayable_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesPayable_2_lbl" xml:lang="en-US">Notes Payable [Default Label]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilities" xlink:to="us-gaap_OtherLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherLiabilities_2_lbl" xml:lang="en-US">Other Liabilities</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationAndAmortization" xlink:to="us-gaap_DepreciationAndAmortization_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationAndAmortization_3_lbl" xml:lang="en-US">Depreciation, Depletion and Amortization, Nonproduction</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_2_lbl" xml:lang="en-US">Interest Expense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebt_2_lbl" xml:lang="en-US">Long-term Debt</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentUnamortizedDiscount" xlink:to="us-gaap_DebtInstrumentUnamortizedDiscount_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentUnamortizedDiscount_3_lbl" xml:lang="en-US">Debt Instrument, Unamortized Discount</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebt" xlink:to="us-gaap_UnsecuredDebt_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnsecuredDebt_2_lbl" xml:lang="en-US">Unsecured Debt</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_BondAndBondInterestPayable" xlink:to="arl_BondAndBondInterestPayable_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_BondAndBondInterestPayable_3_lbl" xml:lang="en-US">BondAndBondInterestPayable</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartyOtherExpense" xlink:to="arl_RelatedPartyOtherExpense_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RelatedPartyOtherExpense_3_lbl" xml:lang="en-US">RelatedPartyOtherExpense</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:to="us-gaap_OriginationOfNotesReceivableFromRelatedParties_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OriginationOfNotesReceivableFromRelatedParties_2_lbl" xml:lang="en-US">Origination of Notes Receivable from Related Parties</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesCommissionsAndFees" xlink:to="us-gaap_SalesCommissionsAndFees_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SalesCommissionsAndFees_2_lbl" xml:lang="en-US">Sales Commissions and Fees</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty" xlink:to="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty_2_lbl" xml:lang="en-US">Related Party Transaction, Expenses from Transactions with Related Party</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartyFinancingMortgagePayments" xlink:to="arl_RelatedPartyFinancingMortgagePayments_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RelatedPartyFinancingMortgagePayments_3_lbl" xml:lang="en-US">RelatedPartyFinancingMortgagePayments</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="arl_RelatedPartySalesPurchasesTransactions" xlink:to="arl_RelatedPartySalesPurchasesTransactions_3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RelatedPartySalesPurchasesTransactions_3_lbl" xml:lang="en-US">RelatedPartySalesPurchasesTransactions</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CurrentStateAndLocalTaxExpenseBenefit" xlink:to="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CurrentStateAndLocalTaxExpenseBenefit_2_lbl" xml:lang="en-US">Current State and Local Tax Expense (Benefit)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFederalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFederalIncomeTaxExpenseBenefit_2_lbl" xml:lang="en-US">Deferred Federal Income Tax Expense (Benefit)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit" xlink:to="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit_2_lbl" xml:lang="en-US">Deferred State and Local Income Tax Expense (Benefit)</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation" xlink:to="us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation_2_lbl" xml:lang="en-US">Income Tax Expense (Benefit), Intraperiod Tax Allocation</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsGross" xlink:to="us-gaap_DeferredTaxAssetsGross_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsGross_2_lbl" xml:lang="en-US">Deferred Tax Assets, Gross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsValuationAllowance" xlink:to="us-gaap_DeferredTaxAssetsValuationAllowance_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsValuationAllowance_2_lbl" xml:lang="en-US">Deferred Tax Assets, Valuation Allowance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="us-gaap_DeferredTaxAssetsNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNet_2_lbl" xml:lang="en-US">Deferred Tax Assets, Net of Valuation Allowance</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxLiabilities" xlink:to="us-gaap_DeferredIncomeTaxLiabilities_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxLiabilities_2_lbl" xml:lang="en-US">Deferred Tax Liabilities, Gross</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsLiabilitiesNet" xlink:to="us-gaap_DeferredTaxAssetsLiabilitiesNet_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsLiabilitiesNet_2_lbl" xml:lang="en-US">Deferred Tax Assets, Net</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent_2_lbl" xml:lang="en-US">Operating Leases, Future Minimum Payments Due, Next Twelve Months</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears_2_lbl" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Two Years</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears_2_lbl" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Three Years</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears" xlink:to="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears_2_lbl" xml:lang="en-US">Operating Leases, Future Minimum Payments, Due in Four Years</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="arl_RealEstateCostOfSales_3_lbl" xml:lang="en-US">Preferred stock held by subsidiary [Default Label]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold" xlink:to="us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold_2_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MortgageLoansOnRealEstateOtherDeductions_2_lbl" xml:lang="en-US">Mortgage Loans on Real Estate, Other Deductions</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>11
<FILENAME>arl-20171231_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857031136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information - USD ($)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Mar. 30, 2018</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DocumentAndEntityInformationAbstract', window );"><strong>Document And Entity Information</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">AMERICAN REALTY INVESTORS INC<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001102238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">10-K<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">ARL<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 31,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity a Well-known Seasoned Issuer</a></td>
<td class="text">No<span></span>
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<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity a Voluntary Filer</a></td>
<td class="text">No<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity's Reporting Status Current</a></td>
<td class="text">Yes<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Smaller Reporting Company<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityPublicFloat', window );">Entity Public Float</a></td>
<td class="nump">$ 9,793,299<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,997,076<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_EntityCommonStockHeldByNonaffiliates', window );">Entity Common Stock, Shares held by Nonaffiliates</a></td>
<td class="nump">2,019,327<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DocumentAndEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DocumentAndEntityInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_EntityCommonStockHeldByNonaffiliates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of voting and non-voting common equity held by non-affiliates of the registrant as of the last business day of registrant's most recently completed second fiscal quarter. Used as a component of the calculation of the registrant's public float.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_EntityCommonStockHeldByNonaffiliates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
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<td><strong> Balance Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>dei:yesNoItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
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<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentsOther', window );">Real estate, at cost</a></td>
<td class="nump">$ 1,117,429<span></span>
</td>
<td class="nump">$ 1,017,684<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateheldForSaleNet', window );">Real estate subject to sales contracts at cost, net of depreciation</a></td>
<td class="nump">48,234<span></span>
</td>
<td class="nump">48,919<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation', window );">Less accumulated depreciation</a></td>
<td class="num">(177,546)<span></span>
</td>
<td class="num">(165,597)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Total real estate</a></td>
<td class="nump">988,117<span></span>
</td>
<td class="nump">901,006<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsAndNotesReceivableNetAbstract', window );"><strong>Notes and interest receivable</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PerformingNotesAndInterestReceivable', window );">Performing (including $69,320 in 2017 and $125,799 in 2016 from related parties)</a></td>
<td class="nump">97,775<span></span>
</td>
<td class="nump">143,601<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NonperformingNotesAndInterestReceivable', window );">Non-Performing (including $30,090 in 2017 from related parties)</a></td>
<td class="nump">30,090<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate', window );">Less allowance for estimated losses (including $14,269 in 2017 and $15,537 in 2016 from related parties)</a></td>
<td class="num">(15,770)<span></span>
</td>
<td class="num">(17,037)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Total notes and interest receivable</a></td>
<td class="nump">112,095<span></span>
</td>
<td class="nump">126,564<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="nump">42,920<span></span>
</td>
<td class="nump">17,522<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalents', window );">Restricted cash</a></td>
<td class="nump">45,618<span></span>
</td>
<td class="nump">38,399<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investments in unconsolidated subsidiaries and investees</a></td>
<td class="nump">6,396<span></span>
</td>
<td class="nump">6,087<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Receivable from related party</a></td>
<td class="nump">38,311<span></span>
</td>
<td class="nump">24,672<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="nump">63,263<span></span>
</td>
<td class="nump">60,659<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">1,296,720<span></span>
</td>
<td class="nump">1,174,909<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAbstract', window );"><strong>Liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesAndLoansPayable', window );">Notes and interest payable</a></td>
<td class="nump">898,750<span></span>
</td>
<td class="nump">845,107<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NotesRelatedToAssetsHeldForSale', window );">Notes related to assets held for sale</a></td>
<td class="nump">376<span></span>
</td>
<td class="nump">376<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NotesRelatedToAssetsSubjectToSalesContracts', window );">Notes related to assets subject to sales contracts</a></td>
<td class="nump">1,957<span></span>
</td>
<td class="nump">5,612<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestAndDividendsPayableCurrent', window );">Bonds and interest payable</a></td>
<td class="nump">113,049<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenue', window );">Deferred revenue (including $56,887 in 2017 and $70,935 in 2016 from sales to related parties)</a></td>
<td class="nump">77,332<span></span>
</td>
<td class="nump">91,380<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndOtherAccruedLiabilities', window );">Accounts payable and other liabilities (including $11,893 in 2017 and $10,854 in 2016 to related parties)</a></td>
<td class="nump">39,373<span></span>
</td>
<td class="nump">56,303<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total Liabilities</a></td>
<td class="nump">1,130,837<span></span>
</td>
<td class="nump">998,778<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Shareholders' equity:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, Series A: $2.00 par value, authorized 15,000,000 shares, issued and outstanding 2,000,614 shares in 2017 and 2016 (liquidation preference $10 per share), including 900,000 shares in 2017 and 2016 held by ARL</a></td>
<td class="nump">2,205<span></span>
</td>
<td class="nump">2,205<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, $0.01 par value, authorized 100,000,000 shares; issued 15,930,145 shares and outstanding 15,514,360 shares in 2017 and 2016, including 140,000 shares held by TCI (consolidated) in 2017 and 2016</a></td>
<td class="nump">159<span></span>
</td>
<td class="nump">159<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockValue', window );">Treasury stock at cost; 415,785 shares in 2017 and 2016, and 140,000 shares held by TCI (consolidated) as of 2017 and 2016</a></td>
<td class="num">(6,395)<span></span>
</td>
<td class="num">(6,395)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Paid-in capital</a></td>
<td class="nump">110,138<span></span>
</td>
<td class="nump">111,510<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">5,967<span></span>
</td>
<td class="nump">14,398<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total American Realty Investors, Inc. shareholders' equity</a></td>
<td class="nump">112,074<span></span>
</td>
<td class="nump">121,877<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Non-controlling interest</a></td>
<td class="nump">53,809<span></span>
</td>
<td class="nump">54,254<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
<td class="nump">165,883<span></span>
</td>
<td class="nump">176,131<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and equity</a></td>
<td class="nump">$ 1,296,720<span></span>
</td>
<td class="nump">$ 1,174,909<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NonperformingNotesAndInterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing arrangement that represents a contractual right to receive money either on demand or on fixed or determinable dates that are not current in regards to payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NonperformingNotesAndInterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NotesRelatedToAssetsHeldForSale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Including the current and noncurrent portions, aggregate carrying amount of notes payable related to assets held for sale, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NotesRelatedToAssetsHeldForSale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NotesRelatedToAssetsSubjectToSalesContracts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to notes related assets to subject to sales contract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NotesRelatedToAssetsSubjectToSalesContracts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PerformingNotesAndInterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing arrangement that represents a contractual right to receive money either on demand or on fixed or determinable dates that are current in regards to payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PerformingNotesAndInterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RealEstateheldForSaleNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of investments in land and buildings held for sale, net of accumulated depreciation</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateheldForSaleNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsAndNotesReceivableNetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsAndNotesReceivableNetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndOtherAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities incurred and payable to vendors for goods and services received, and accrued liabilities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableAndOtherAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The reserve to cover probable credit losses related to specifically identified fixed maturity real estate loans as well as probable credit losses inherent in the remainder of that loan portfolio.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 310<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=82921503&amp;loc=d3e21338-158488<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllowanceForLoanAndLeaseLossesRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.4(a).Q1)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestAndDividendsPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying values as of the balance sheet date of (a) interest payable on all forms of debt, including trade payables, that has been incurred, and (b) dividends declared but unpaid on equity securities issued by the entity and outstanding (also includes dividends collected on behalf of another owner of securities that are being held by the entity). Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestAndDividendsPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Liabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total carrying amount of mortgage loans as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesAndLoansPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Including the current and noncurrent portions, carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesAndLoansPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of depreciation for real estate property held for investment purposes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInvestmentPropertyNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInvestmentPropertyNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInvestmentsOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate owned for income production and capital accretion potential, not otherwise specified in the existing taxonomy. Such real estate excludes that which is occupied or used in the business, for entertainment purposes, or held in inventory for specific purposes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInvestmentsOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=SL98516268-108586<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3044-108585<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' 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's stockholders' equity attributable to the parent excludes the amount of stockholders' 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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4590271-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4568740-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29,30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23315-112656<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6855257344">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PerformingNotesAndInterestReceivable', window );">Performing</a></td>
<td class="nump">$ 97,775<span></span>
</td>
<td class="nump">$ 143,601<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NonperformingNotesAndInterestReceivable', window );">Non-Performing</a></td>
<td class="nump">30,090<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate', window );">Allowance for doubtful accounts</a></td>
<td class="nump">15,770<span></span>
</td>
<td class="nump">17,037<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenue', window );">Deferred revenue from sales to related parties</a></td>
<td class="nump">77,332<span></span>
</td>
<td class="nump">91,380<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndOtherAccruedLiabilities', window );">Accounts payable and other liabilities to related parties</a></td>
<td class="nump">$ 39,373<span></span>
</td>
<td class="nump">$ 56,303<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Series A Preferred stock, par value (in dollars per share)</a></td>
<td class="nump">$ 2.00<span></span>
</td>
<td class="nump">$ 2.00<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Series A Preferred stock, authorized (in shares)</a></td>
<td class="nump">15,000,000<span></span>
</td>
<td class="nump">15,000,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Series A Preferred stock, issued (in shares)</a></td>
<td class="nump">2,000,614<span></span>
</td>
<td class="nump">2,000,614<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Series A Preferred stock, outstanding (in shares)</a></td>
<td class="nump">2,000,614<span></span>
</td>
<td class="nump">2,000,614<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockLiquidationPreference', window );">Series A Preferred stock, liquidation preference (in dollars per share)</a></td>
<td class="nump">$ 10<span></span>
</td>
<td class="nump">$ 10<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value (in dollars per share)</a></td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, authorized (in shares)</a></td>
<td class="nump">100,000,000<span></span>
</td>
<td class="nump">100,000,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, issued (in shares)</a></td>
<td class="nump">15,930,145<span></span>
</td>
<td class="nump">15,930,145<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, outstanding (in shares)</a></td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SharesHeldBySubsidiaries', window );">Shares held by subsidiaries (in shares)</a></td>
<td class="nump">2,000,614<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Treasury stock (in shares)</a></td>
<td class="nump">415,785<span></span>
</td>
<td class="nump">415,785<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember', window );">Southern Properties Capital LTD [Member] | Common Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SharesHeldBySubsidiaries', window );">Shares held by subsidiaries (in shares)</a></td>
<td class="nump">140,000<span></span>
</td>
<td class="nump">140,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TreasuryStockShares', window );">Treasury stock (in shares)</a></td>
<td class="nump">140,000<span></span>
</td>
<td class="nump">140,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_ConvertiblePreferredStockMember', window );">Series A Cumulative Convertible Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SharesHeldBySubsidiaries', window );">Shares held by subsidiaries (in shares)</a></td>
<td class="nump">900,000<span></span>
</td>
<td class="nump">900,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember', window );">Related Party [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PerformingNotesAndInterestReceivable', window );">Performing</a></td>
<td class="nump">$ 69,320<span></span>
</td>
<td class="nump">$ 125,799<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NonperformingNotesAndInterestReceivable', window );">Non-Performing</a></td>
<td class="nump">30,090<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate', window );">Allowance for doubtful accounts</a></td>
<td class="nump">14,269<span></span>
</td>
<td class="nump">15,537<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenue', window );">Deferred revenue from sales to related parties</a></td>
<td class="nump">56,887<span></span>
</td>
<td class="nump">70,935<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableAndOtherAccruedLiabilities', window );">Accounts payable and other liabilities to related parties</a></td>
<td class="nump">$ 11,893<span></span>
</td>
<td class="nump">$ 10,854<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NonperformingNotesAndInterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing arrangement that represents a contractual right to receive money either on demand or on fixed or determinable dates that are not current in regards to payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NonperformingNotesAndInterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PerformingNotesAndInterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing arrangement that represents a contractual right to receive money either on demand or on fixed or determinable dates that are current in regards to payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PerformingNotesAndInterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_SharesHeldBySubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares held by subidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_SharesHeldBySubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableAndOtherAccruedLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities incurred and payable to vendors for goods and services received, and accrued liabilities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableAndOtherAccruedLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForLoanAndLeaseLossesRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The reserve to cover probable credit losses related to specifically identified fixed maturity real estate loans as well as probable credit losses inherent in the remainder of that loan portfolio.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 310<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=82921503&amp;loc=d3e21338-158488<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AllowanceForLoanAndLeaseLossesRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.4(a).Q1)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockLiquidationPreference">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21475-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21484-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(d)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(d)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockLiquidationPreference</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockParOrStatedValuePerShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesAuthorized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesIssued</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TreasuryStockShares">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29,30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6405813&amp;loc=d3e23239-112655<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TreasuryStockShares</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementEquityComponentsAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_ConvertiblePreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_ConvertiblePreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>R4.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857297248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNetAbstract', window );"><strong>Revenues:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Rental and other property revenues (including $839, $708 and $726 for the year ended 2017, 2016 and 2015, respectively, from related parties)</a></td>
<td class="nump">$ 126,221<span></span>
</td>
<td class="nump">$ 119,663<span></span>
</td>
<td class="nump">$ 104,188<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsAndExpensesAbstract', window );"><strong>Expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Property operating expenses (including $959, $900 and $770 for the year ended 2017, 2016 and 2015, respectively, from related parties)</a></td>
<td class="nump">64,091<span></span>
</td>
<td class="nump">62,950<span></span>
</td>
<td class="nump">54,002<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Depreciation', window );">Depreciation</a></td>
<td class="nump">25,679<span></span>
</td>
<td class="nump">23,785<span></span>
</td>
<td class="nump">21,418<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative (including $3,225, $4,053 and $3,855 for the year ended 2017, 2016 and 2015, respectively, from related parties)</a></td>
<td class="nump">7,691<span></span>
</td>
<td class="nump">7,119<span></span>
</td>
<td class="nump">6,893<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfRealEstate', window );">Provision on impairment of real estate assets</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">5,300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NetIncomeFeeToRelatedParty1', window );">Net income fee to related party</a></td>
<td class="nump">250<span></span>
</td>
<td class="nump">257<span></span>
</td>
<td class="nump">492<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AdvisoryFeeToRelatedParty', window );">Advisory fee to related party</a></td>
<td class="nump">11,082<span></span>
</td>
<td class="nump">10,918<span></span>
</td>
<td class="nump">9,775<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
<td class="nump">108,793<span></span>
</td>
<td class="nump">105,029<span></span>
</td>
<td class="nump">97,880<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income (loss)</a></td>
<td class="nump">17,428<span></span>
</td>
<td class="nump">14,634<span></span>
</td>
<td class="nump">6,308<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpenseAbstract', window );"><strong>Other income (expense):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeOther', window );">Interest income (including $16,298, $18,864 and $15,859 for the year ended 2017, 2016 and 2015, respectively, from related parties)</a></td>
<td class="nump">18,941<span></span>
</td>
<td class="nump">20,453<span></span>
</td>
<td class="nump">16,674<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income</a></td>
<td class="nump">4,082<span></span>
</td>
<td class="nump">2,091<span></span>
</td>
<td class="nump">4,106<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseDebt', window );">Mortgage and loan interest (including $6,695, $5,300 and $3,774 for the year ended 2017, 2016 and 2015, respectively, from related parties)</a></td>
<td class="num">(66,171)<span></span>
</td>
<td class="num">(59,362)<span></span>
</td>
<td class="num">(52,477)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfInvestments', window );">Loss on the sale of investments</a></td>
<td class="num">(331)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Earnings from unconsolidated subsidiaries and investees</a></td>
<td class="nump">309<span></span>
</td>
<td class="nump">493<span></span>
</td>
<td class="nump">428<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Foreign currency translation loss</a></td>
<td class="num">(4,536)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationSettlementAmountAwardedFromOtherParty', window );">Litigation settlement</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(352)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpense', window );">Total other expenses</a></td>
<td class="num">(47,706)<span></span>
</td>
<td class="num">(36,325)<span></span>
</td>
<td class="num">(31,622)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Loss before gain on sales, non-controlling interest and taxes</a></td>
<td class="num">(30,278)<span></span>
</td>
<td class="num">(21,691)<span></span>
</td>
<td class="num">(25,314)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1', window );">Gain on sale of income-producing properties (including recognition of $14,048, $0 and $0 previously deferred gains in 2017, 2016 and 2015, respectively)</a></td>
<td class="nump">16,698<span></span>
</td>
<td class="nump">16,207<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes', window );">Gain on land sales</a></td>
<td class="nump">4,884<span></span>
</td>
<td class="nump">3,121<span></span>
</td>
<td class="nump">21,648<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Loss from continuing operations before tax</a></td>
<td class="num">(8,696)<span></span>
</td>
<td class="num">(2,363)<span></span>
</td>
<td class="num">(3,666)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax benefit (expense)</a></td>
<td class="num">(180)<span></span>
</td>
<td class="num">(46)<span></span>
</td>
<td class="num">(517)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest', window );">Net income (loss) from continuing operations</a></td>
<td class="num">(8,876)<span></span>
</td>
<td class="num">(2,409)<span></span>
</td>
<td class="num">(4,183)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract', window );"><strong>Discontinued operations:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax', window );">Income (loss) from discontinued operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2)<span></span>
</td>
<td class="nump">644<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax', window );">Gain on sale of real estate from discontinued operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">735<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation', window );">Income tax expense from discontinued operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="num">(483)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax', window );">Net income (loss) from discontinued operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
<td class="nump">896<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income (loss)</a></td>
<td class="num">(8,876)<span></span>
</td>
<td class="num">(2,410)<span></span>
</td>
<td class="num">(3,287)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossAttributableToNoncontrollingInterest', window );">Net (income) loss attributable to non-controlling interests</a></td>
<td class="nump">445<span></span>
</td>
<td class="num">(322)<span></span>
</td>
<td class="nump">1,327<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss) attributable to American Realty Investors, Inc.</a></td>
<td class="num">(8,431)<span></span>
</td>
<td class="num">(2,732)<span></span>
</td>
<td class="num">(1,960)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockDividendsIncomeStatementImpact', window );">Preferred dividend requirement</a></td>
<td class="num">(1,105)<span></span>
</td>
<td class="num">(1,101)<span></span>
</td>
<td class="num">(1,216)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net income (loss) applicable to common shares</a></td>
<td class="num">$ (9,536)<span></span>
</td>
<td class="num">$ (3,833)<span></span>
</td>
<td class="num">$ (3,176)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAbstract', window );"><strong>Earnings per share - basic</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare', window );">Loss from continuing operations</a></td>
<td class="num">$ (0.61)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
<td class="num">$ (0.27)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare', window );">Income from discontinued operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.06<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Net income (loss) applicable to common shares</a></td>
<td class="num">(0.61)<span></span>
</td>
<td class="num">(0.25)<span></span>
</td>
<td class="num">(0.21)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDilutedAbstract', window );"><strong>Earnings per share - diluted</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare', window );">Loss from continuing operations</a></td>
<td class="num">(0.61)<span></span>
</td>
<td class="num">(0.25)<span></span>
</td>
<td class="num">(0.27)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare', window );">Income from discontinued operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.06<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Net income (loss) applicable to common shares</a></td>
<td class="num">$ (0.61)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
<td class="num">$ (0.21)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesIssuedBasic', window );">Weighted average common shares used in computing earnings per share (in shares)</a></td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,111,107<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Weighted average common shares used in computing diluted earnings per share (in shares)</a></td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,111,107<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AmountsAttributableToAmericanRealtyInvestorsIncAbstract', window );"><strong>Amounts attributable to American Realty Investors, Inc.</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperations', window );">Loss from continuing operations</a></td>
<td class="num">$ (8,431)<span></span>
</td>
<td class="num">$ (2,731)<span></span>
</td>
<td class="num">$ (2,856)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity', window );">Income from discontinued operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
<td class="nump">896<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income (loss)</a></td>
<td class="num">$ (8,431)<span></span>
</td>
<td class="num">$ (2,732)<span></span>
</td>
<td class="num">$ (1,960)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_AdvisoryFeeToRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of advisory fees to related parties during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_AdvisoryFeeToRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_AmountsAttributableToAmericanRealtyInvestorsIncAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_AmountsAttributableToAmericanRealtyInvestorsIncAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of gain (loss) on sale of properties during the reporting period gross of the applicable income taxes realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NetIncomeFeeToRelatedParty1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income fee to related parties,during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NetIncomeFeeToRelatedParty1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Depreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Depreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense incurred and directly related to generating revenue from leased and rented property or equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of gain (loss) not previously recognized resulting from the disposal of a discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1012-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32672-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=79507043&amp;loc=d3e38679-109324<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5C<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721675-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1012-107759<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAndDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements.  Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period.  Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAndDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDilutedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDilutedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64836518&amp;loc=d3e30700-110894<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64836518&amp;loc=d3e30690-110894<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of gain (loss) on sale of properties during the reporting period gross of the applicable income taxes realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 974<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-15.(a)(1)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6875705&amp;loc=d3e641549-123027<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The charge against earnings in the period to reduce the carrying amount of real property to fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84176398&amp;loc=d3e2921-110230<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ImpairmentOfRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of income (loss) attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.19)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from continuing operations attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 18<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4613673-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20187-122688<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerBasicShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20187-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5C<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721675-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1012-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5C<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721675-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1012-107759<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1278-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 5<br> -Subparagraph (SAB Topic 5.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355146-122828<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1278-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense for debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest income earned from interest bearing assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LitigationSettlementAmountAwardedFromOtherParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount awarded from other party in judgment or settlement of litigation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LitigationSettlementAmountAwardedFromOtherParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1377-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NonoperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NonoperatingIncomeExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockDividendsIncomeStatementImpact">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockDividendsIncomeStatementImpact</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate revenue from real estate operations during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateRevenueNetAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateRevenueNetAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1505-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesIssuedBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding. Weighted average relates to the portion of time within a reporting period that common shares have been issued and outstanding to the total time in that period. Such concept is used in determining the weighted average number of shares outstanding for purposes of calculating earnings per share (basic).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1448-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e2646-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesIssuedBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6855306544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Rental and other property revenues</a></td>
<td class="nump">$ 126,221<span></span>
</td>
<td class="nump">$ 119,663<span></span>
</td>
<td class="nump">$ 104,188<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Property operating expenses</a></td>
<td class="nump">64,091<span></span>
</td>
<td class="nump">62,950<span></span>
</td>
<td class="nump">54,002<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative</a></td>
<td class="nump">7,691<span></span>
</td>
<td class="nump">7,119<span></span>
</td>
<td class="nump">6,893<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseDebt', window );">Mortgage and loan interest</a></td>
<td class="nump">66,171<span></span>
</td>
<td class="nump">59,362<span></span>
</td>
<td class="nump">52,477<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RecognitionOfDeferredRevenue', window );">Recognition of deferred gains</a></td>
<td class="nump">14,048<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember', window );">Related Party [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Rental and other property revenues</a></td>
<td class="nump">839<span></span>
</td>
<td class="nump">708<span></span>
</td>
<td class="nump">726<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Property operating expenses</a></td>
<td class="nump">959<span></span>
</td>
<td class="nump">900<span></span>
</td>
<td class="nump">770<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative</a></td>
<td class="nump">3,225<span></span>
</td>
<td class="nump">4,053<span></span>
</td>
<td class="nump">3,855<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentIncomeInterest', window );">Interest income</a></td>
<td class="nump">16,298<span></span>
</td>
<td class="nump">18,864<span></span>
</td>
<td class="nump">15,859<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseDebt', window );">Mortgage and loan interest</a></td>
<td class="nump">$ 6,695<span></span>
</td>
<td class="nump">$ 5,300<span></span>
</td>
<td class="nump">$ 3,774<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense incurred and directly related to generating revenue from leased and rented property or equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense for debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpenseDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentIncomeInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentIncomeInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate revenue from real estate operations during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RecognitionOfDeferredRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of previously reported deferred or unearned revenue that was recognized as revenue during the period. For cash flows, this element primarily pertains to amortization of deferred credits on long-term arrangements. As a noncash item, it is deducted from net income when calculating cash provided by or used in operations using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.A.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RecognitionOfDeferredRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>17
<FILENAME>R6.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857712624">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Comprehensive Loss [Member]</div></th>
<th class="th"><div>Preferred Stock [Member]</div></th>
<th class="th"><div>Common Stock [Member]</div></th>
<th class="th"><div>Treasury Stock [Member]</div></th>
<th class="th"><div>Paid-in Capital [Member]</div></th>
<th class="th"><div>Retained Earnings [Member]</div></th>
<th class="th"><div>Non-controlling Interest [Member]</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance, at beginning at Dec. 31, 2014</a></td>
<td class="nump">$ 179,588<span></span>
</td>
<td class="num">$ (53,040)<span></span>
</td>
<td class="nump">$ 3,126<span></span>
</td>
<td class="nump">$ 141<span></span>
</td>
<td class="num">$ (6,395)<span></span>
</td>
<td class="nump">$ 108,378<span></span>
</td>
<td class="nump">$ 19,090<span></span>
</td>
<td class="nump">$ 55,248<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, at beginning (in shares) at Dec. 31, 2014</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">14,443,404<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward', window );"><strong>Increase (Decrease) in Stockholders' Equity [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net loss</a></td>
<td class="num">(3,287)<span></span>
</td>
<td class="num">(3,287)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,960)<span></span>
</td>
<td class="num">(1,327)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance', window );">Contributions from non-controlling interest</a></td>
<td class="nump">11<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromRedemptions', window );">Assumption of non-controlling interests</a></td>
<td class="num">(470)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(470)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities', window );">Conversion of preferred stock into common stock</a></td>
<td class="nump">2,263<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(921)<span></span>
</td>
<td class="nump">$ 15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,169<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities', window );">Conversion of preferred stock into common stock (in shares)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,486,741<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Series A preferred stock dividend ($1.00 per share)</a></td>
<td class="num">(1,216)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,216)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance, at the end at Dec. 31, 2015</a></td>
<td class="nump">176,889<span></span>
</td>
<td class="num">(56,327)<span></span>
</td>
<td class="nump">2,205<span></span>
</td>
<td class="nump">$ 156<span></span>
</td>
<td class="num">(6,395)<span></span>
</td>
<td class="nump">109,861<span></span>
</td>
<td class="nump">17,130<span></span>
</td>
<td class="nump">53,932<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, at the end (in shares) at Dec. 31, 2015</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,930,145<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward', window );"><strong>Increase (Decrease) in Stockholders' Equity [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net loss</a></td>
<td class="num">(2,410)<span></span>
</td>
<td class="num">(2,410)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,732)<span></span>
</td>
<td class="nump">322<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromRedemptions', window );">Assumption of non-controlling interests</a></td>
<td class="num">(268)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(268)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest', window );">Sale of non-controlling interests</a></td>
<td class="nump">3,021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Series A preferred stock dividend ($1.00 per share)</a></td>
<td class="num">(1,101)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,101)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance, at the end at Dec. 31, 2016</a></td>
<td class="nump">176,131<span></span>
</td>
<td class="num">(58,737)<span></span>
</td>
<td class="nump">2,205<span></span>
</td>
<td class="nump">$ 159<span></span>
</td>
<td class="num">(6,395)<span></span>
</td>
<td class="nump">111,510<span></span>
</td>
<td class="nump">14,398<span></span>
</td>
<td class="nump">54,254<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, at the end (in shares) at Dec. 31, 2016</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,930,145<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward', window );"><strong>Increase (Decrease) in Stockholders' Equity [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net loss</a></td>
<td class="num">(8,876)<span></span>
</td>
<td class="num">(8,876)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,431)<span></span>
</td>
<td class="num">(445)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromRedemptions', window );">Assumption of non-controlling interests</a></td>
<td class="num">(267)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(267)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStock', window );">Series A preferred stock dividend ($1.00 per share)</a></td>
<td class="num">(1,105)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,105)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance, at the end at Dec. 31, 2017</a></td>
<td class="nump">$ 165,883<span></span>
</td>
<td class="num">$ (67,613)<span></span>
</td>
<td class="nump">$ 2,205<span></span>
</td>
<td class="nump">$ 159<span></span>
</td>
<td class="num">$ (6,395)<span></span>
</td>
<td class="nump">$ 110,138<span></span>
</td>
<td class="nump">$ 5,967<span></span>
</td>
<td class="nump">$ 53,809<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, at the end (in shares) at Dec. 31, 2017</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,930,145<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 405<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6957935&amp;loc=d3e64057-112817<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInStockholdersEquityRollForward</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestDecreaseFromRedemptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Decrease in noncontrolling interest (for example, but not limited to, redeeming or purchasing the interests of noncontrolling shareholders, issuance of shares (interests) by the non-wholly owned subsidiary to the parent entity for other than cash, and a buyback of shares (interest) by the non-wholly owned subsidiary from the noncontrolling interests).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 23<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569655-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4616395-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestDecreaseFromRedemptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in noncontrolling interest from sale of a portion of the parent's controlling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 23<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569655-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in noncontrolling interest from subsidiary issuance of equity interests to noncontrolling interest holders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 23<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569655-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued which are neither cancelled nor held in the treasury.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued during the period as a result of the conversion of convertible securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21475-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gross value of stock issued during the period upon the conversion of convertible securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4590271-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4568740-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6833701376">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfStockholdersEquityAbstract', window );"><strong>Statement of Stockholders' Equity [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockDividendsPerShareDeclared', window );">Series A preferred stock dividend (in dollars per share)</a></td>
<td class="nump">$ 1.00<span></span>
</td>
<td class="nump">$ 1.00<span></span>
</td>
<td class="nump">$ 1.00<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockDividendsPerShareDeclared">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of preferred stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockDividendsPerShareDeclared</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementOfStockholdersEquityAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementOfStockholdersEquityAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>19
<FILENAME>R8.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6839111888">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract', window );"><strong>Cash Flow From Operating Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net (loss)</a></td>
<td class="num">$ (8,876)<span></span>
</td>
<td class="num">$ (2,410)<span></span>
</td>
<td class="num">$ (3,287)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income (loss) applicable to common shares to net cash provided by (used in) operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes', window );">Gain on land sales</a></td>
<td class="num">(4,884)<span></span>
</td>
<td class="num">(3,121)<span></span>
</td>
<td class="num">(21,648)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfProperties', window );">Gain on sale of income-producing properties</a></td>
<td class="num">(16,698)<span></span>
</td>
<td class="num">(16,207)<span></span>
</td>
<td class="num">(735)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">25,679<span></span>
</td>
<td class="nump">23,785<span></span>
</td>
<td class="nump">21,418<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentCharges', window );">Provision on impairment of notes receivable and real estate assets</a></td>
<td class="nump">558<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">5,300<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfDeferredCharges', window );">Amortization of deferred borrowing costs</a></td>
<td class="nump">3,591<span></span>
</td>
<td class="nump">4,357<span></span>
</td>
<td class="nump">2,842<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfFinancingCosts', window );">Amortization of Series A bonds issuance costs</a></td>
<td class="nump">971<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_IncomeLossFromEquityMethodInvestments1', window );">Losses from unconsolidated subsidiaries and investees</a></td>
<td class="num">(309)<span></span>
</td>
<td class="nump">493<span></span>
</td>
<td class="nump">1,327<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingAssetsAbstract', window );"><strong>(Increase) decrease in assets:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet', window );">Accrued interest receivable</a></td>
<td class="num">(581)<span></span>
</td>
<td class="num">(1,151)<span></span>
</td>
<td class="num">(1,242)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets', window );">Other assets</a></td>
<td class="nump">11,751<span></span>
</td>
<td class="num">(2,343)<span></span>
</td>
<td class="nump">2,683<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidExpense', window );">Prepaid expense</a></td>
<td class="num">(15,192)<span></span>
</td>
<td class="num">(9,222)<span></span>
</td>
<td class="num">(13,851)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInRestrictedCash', window );">Escrow</a></td>
<td class="num">(8,584)<span></span>
</td>
<td class="nump">7,584<span></span>
</td>
<td class="num">(1,261)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding', window );">Earnest money</a></td>
<td class="nump">856<span></span>
</td>
<td class="num">(571)<span></span>
</td>
<td class="num">(1,193)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInLeasingReceivables', window );">Rent receivables</a></td>
<td class="num">(425)<span></span>
</td>
<td class="nump">2,844<span></span>
</td>
<td class="num">(2,168)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract', window );"><strong>Increase (decrease) in liabilities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInterestPayableNet', window );">Accrued interest payable</a></td>
<td class="nump">4,599<span></span>
</td>
<td class="nump">3,475<span></span>
</td>
<td class="num">(255)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties', window );">Related party payables</a></td>
<td class="num">(12,871)<span></span>
</td>
<td class="num">(706)<span></span>
</td>
<td class="num">(11,027)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities', window );">Other liabilities</a></td>
<td class="num">(16,930)<span></span>
</td>
<td class="nump">10,639<span></span>
</td>
<td class="num">(11,412)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by (used in) operating activities</a></td>
<td class="num">(37,345)<span></span>
</td>
<td class="nump">17,446<span></span>
</td>
<td class="num">(34,509)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract', window );"><strong>Cash Flow From Investing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromCollectionOfNotesReceivable', window );">Proceeds from notes receivables</a></td>
<td class="nump">30,233<span></span>
</td>
<td class="nump">6,532<span></span>
</td>
<td class="nump">14,744<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireNotesReceivable', window );">Origination of notes receivables</a></td>
<td class="num">(15,741)<span></span>
</td>
<td class="num">(11,703)<span></span>
</td>
<td class="num">(18,055)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireLand', window );">Acquisition of land held for development</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(12,508)<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromProductiveAssets', window );">Acquisition of income producing properties</a></td>
<td class="num">(37,044)<span></span>
</td>
<td class="num">(79,736)<span></span>
</td>
<td class="num">(207,313)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment', window );">Proceeds from sale of income producing properties</a></td>
<td class="nump">4,623<span></span>
</td>
<td class="nump">21,850<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfLandHeldForUse', window );">Proceeds from sale of land</a></td>
<td class="nump">6,301<span></span>
</td>
<td class="nump">29,128<span></span>
</td>
<td class="nump">108,356<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet', window );">Investment in unconsolidated real estate entities</a></td>
<td class="num">(267)<span></span>
</td>
<td class="nump">2,278<span></span>
</td>
<td class="nump">4,086<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PaymentForImprovementOfLandHeldForDevelopment', window );">Improvement of land held for development</a></td>
<td class="num">(1,986)<span></span>
</td>
<td class="num">(3,023)<span></span>
</td>
<td class="num">(6,158)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToDevelopRealEstateAssets', window );">Improvement of income producing properties</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,998)<span></span>
</td>
<td class="num">(8,955)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates', window );">Sale of non-controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(336)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries', window );">Sale of controlling interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,021<span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireAndDevelopRealEstate', window );">Construction and development of new properties</a></td>
<td class="num">(76,147)<span></span>
</td>
<td class="num">(10,941)<span></span>
</td>
<td class="num">(16,717)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash provided by (used in) investing activities</a></td>
<td class="num">(90,028)<span></span>
</td>
<td class="num">(61,100)<span></span>
</td>
<td class="num">(130,348)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract', window );"><strong>Cash Flow From Financing Activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt', window );">Proceeds from Series A bonds payable</a></td>
<td class="nump">115,337<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromNotesPayable', window );">Proceeds from notes payable</a></td>
<td class="nump">135,116<span></span>
</td>
<td class="nump">242,215<span></span>
</td>
<td class="nump">412,326<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RecurringAmortizationOfPrincipalOnNotesPayable', window );">Recurring amortization of principal on notes payable</a></td>
<td class="num">(86,091)<span></span>
</td>
<td class="num">(22,851)<span></span>
</td>
<td class="num">(26,668)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfNotesPayable', window );">Payments on maturing notes payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(173,160)<span></span>
</td>
<td class="num">(195,549)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromShortTermDebt', window );">Debt assumption by buyer</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(16,688)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_IncreaseDecreaseDeferredFinancingCosts', window );">Deferred financing costs</a></td>
<td class="num">(3,599)<span></span>
</td>
<td class="nump">841<span></span>
</td>
<td class="num">(6,734)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromPaymentsToMinorityShareholders', window );">Distributions to non-controlling interests</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDebtIssuanceCosts', window );">Bond issuance costs</a></td>
<td class="num">(6,887)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock', window );">Preferred stock dividends - Series A</a></td>
<td class="num">(1,105)<span></span>
</td>
<td class="num">(1,101)<span></span>
</td>
<td class="num">(1,216)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock', window );">Conversion of preferred stock into common stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2,308<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash provided by (used in) financing activities</a></td>
<td class="nump">152,771<span></span>
</td>
<td class="nump">45,944<span></span>
</td>
<td class="nump">167,790<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net increase (decrease) in cash and cash equivalents</a></td>
<td class="nump">25,398<span></span>
</td>
<td class="nump">2,290<span></span>
</td>
<td class="nump">2,933<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashEquivalentsAtCarryingValue', window );">Cash and cash equivalents, beginning of period</a></td>
<td class="nump">17,522<span></span>
</td>
<td class="nump">15,232<span></span>
</td>
<td class="nump">12,299<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashEquivalentsAtCarryingValue', window );">Cash and cash equivalents, end of period</a></td>
<td class="nump">42,920<span></span>
</td>
<td class="nump">17,522<span></span>
</td>
<td class="nump">15,232<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental disclosures of cash flow information:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPaidNet', window );">Cash paid for interest</a></td>
<td class="nump">$ 55,976<span></span>
</td>
<td class="nump">$ 50,945<span></span>
</td>
<td class="nump">$ 44,672<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_IncomeLossFromEquityMethodInvestments1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_IncomeLossFromEquityMethodInvestments1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_IncreaseDecreaseDeferredFinancingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in deferred financing costs, classified as financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_IncreaseDecreaseDeferredFinancingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PaymentForImprovementOfLandHeldForDevelopment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payments to develop land is the process of adding improvements on or to a parcel of land. Such improvements may include drainage, utilities, subdividing, access, buildings, and any combination of these elements; and are generally classified as cash flow from investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PaymentForImprovementOfLandHeldForDevelopment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RecurringAmortizationOfPrincipalOnNotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to recurring amortization of principal notes payable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RecurringAmortizationOfPrincipalOnNotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfDeferredCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of amortization of deferred charges applied against earnings during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfDeferredCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AmortizationOfFinancingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of amortization expense attributable to debt issuance costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28555-108399<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AmortizationOfFinancingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetImpairmentCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=68055307&amp;loc=d3e2420-110228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetImpairmentCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513438&amp;loc=d3e33268-110906<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationDepletionAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationDepletionAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of gain (loss) on sale of properties during the reporting period gross of the applicable income taxes realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 974<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-15.(a)(1)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6875705&amp;loc=d3e641549-123027<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the obligations due for goods and services provided by the following types of related parties: a parent company and its subsidiaries, subsidiaries of a common parent, an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management, an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount due from borrowers for interest payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount of deposits given by the reporting entity to a seller which shows that the prospective buyer is serious about purchasing a property.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInEarnestMoneyDepositsOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInterestPayableNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to the reporting entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInInterestPayableNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInLeasingReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount due from lessees arising from lease agreements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInLeasingReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingAssetsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingAssetsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingLiabilitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in operating assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherOperatingAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in operating liabilities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOtherOperatingLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPrepaidExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInRestrictedCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInRestrictedCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPaidNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash paid, after deduction of cash paid for capitalized interest, for interest. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4297-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPaidNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3574-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3574-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromProductiveAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net cash outflow or inflow from purchases, sales and disposals of property, plant and equipment and other productive assets, including intangibles.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromProductiveAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net cash inflow or outflow from the sale or purchase of and distributions from real estate partnership investment during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3098-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3095-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromRealEstatePartnershipInvestmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDebtIssuanceCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDebtIssuanceCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireAndDevelopRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow from the acquisition of a piece of land and anything permanently fixed to it, including buildings, structures on it and so forth, and payments to develop real estate assets by adding improvements on or to a parcel of land. Such improvements may include drainage, utilities, subdividing, access, buildings, and any combination of these elements. Including real estate intended to generate income for the owner; excluding real estate acquired for use by the owner.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireAndDevelopRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of or advances to an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, and joint venture or equity method investment) or the acquisition of an additional interest in a subsidiary (controlled entity).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireLand">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow from the acquisition of real estate intended to generate income for the owner; excludes land acquired for use by the owner.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireLand</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireNotesReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow to acquire an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireNotesReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToDevelopRealEstateAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payments to develop real estate assets is the process of adding improvements on or to a parcel of land. Such improvements may include drainage, utilities, subdividing, access, buildings, and any combination of these elements; and are generally classified as cash flow from investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToDevelopRealEstateAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromCollectionOfNotesReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromCollectionOfNotesReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the deconsolidation of a previously consolidated subsidiary or the sale of investment in consolidated subsidiaries (generally greater than 50 percent).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from issuance of preferred stocks identified as being convertible into another form of financial instrument, typically the entity's common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from issuance of long-term debt classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfOtherLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromNotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from a borrowing supported by a written promise to pay an obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromNotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromPaymentsToMinorityShareholders">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromPaymentsToMinorityShareholders</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfLandHeldForUse">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the sale of land held for use; excludes sales of land held as inventory or investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfLandHeldForUse</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash received from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for a borrowing supported by a written promise to pay an obligation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3291-108585<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6847775920">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="num">$ (8,876)<span></span>
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<td class="num">$ (2,410)<span></span>
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<td class="num">$ (3,287)<span></span>
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<td class="nump">1,327<span></span>
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<td class="num">$ (8,431)<span></span>
</td>
<td class="num">$ (2,732)<span></span>
</td>
<td class="num">$ (1,960)<span></span>
</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=84228862&amp;loc=d3e557-108580<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4613674-111683<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569643-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br></p></div>
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<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6609791920">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock', window );">ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"><tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"><td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"><b>NOTE 1.</b></td>
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"><b><i>ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</i></b></td>
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    <p style="margin: 0pt 0 0pt 55.05pt; text-align: justify; text-indent: -55.1pt; font: 10pt Times New Roman, Times, Serif">&#160;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><b><i>Organization and business.</i></b><i>&#160;&#160;&#160;</i></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">The Company, a Nevada corporation that was formed in 1999, is headquartered in Dallas, Texas and its common stock trades on the New York Stock Exchange (&#x201C;NYSE American&#x201D;) under the symbol &#x201C;ARL&#x201D;. Over 80% of ARL&#x2019;s stock is owned by related party entities. ARL and a subsidiary own approximately 77.68% of the outstanding shares of common stock of Transcontinental Realty Investors, Inc. &#x201C;TCI&#x201D;, a Nevada corporation, whose common stock is traded on the NYSE American under the symbol &#x201C;TCI&#x201D;.</p>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">Our primary business is the acquisition,
development and ownership of income-producing residential and commercial real estate properties. In addition, we opportunistically
acquire land for future development in in-fill or high-growth suburban markets. From time to time and when we believe it appropriate
to do so, we will also sell land and income-producing properties. We generate revenues by leasing apartment units to residents,
and leasing office and retail space to various for-profit businesses as well as certain local, state and federal agencies. We
also generate revenues from gains on sales of income-producing properties and land. At December 31, 2017, we owned fifty-one residential
apartment communities comprising of 8,427 units, seven commercial properties comprising an aggregate of approximately 1.7 million
rentable square feet, and an investment in 3,666 acres of undeveloped and partially developed land, and a golf course comprising
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">Effective as of January 1, 2015, we
adopted the revised guidance in Accounting Standards Update No.&#160;2014-08 regarding discontinued operations. For sales of real
estate or assets classified as held for sale after January 1, 2015, we will evaluate whether a disposal transaction meets the
criteria of a strategic shift and will have a major effect on our operations and financial results to determine if the results
of operations and gains on sale of real estate will be presented as part of our continuing operations or as discontinued operations
in our consolidated statements of operations. If the disposal represents a strategic shift, it will be classified as discontinued
operations for all periods presented; if not, it will be presented in continuing operations.&#160;</p>

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accordance with ASC 805 &#x201C;Business Combinations&#x201D;, we recognize rental revenue of acquired in-place &#x201C;above-&#x201D;
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><b><i>Income taxes.</i></b><i>&#160;&#160;&#160;</i>The
Company is a &#x201C;C&#x201D; corporation for U.S. federal income tax purposes. For tax periods ending before August 31, 2012,
the Company filed an annual consolidated income tax return with TCI and IOR and their subsidiaries. ARL was the common parent
for the consolidated group. After that date, the Company and the rest of the ARL group joined the MRHI consolidated group for
tax purposes. The income tax expense (benefit) for the 2012 tax period in the accompanying financial statement was calculated
under a tax sharing and compensating agreement between ARL, TCI and IOR. That agreement continued until August 31, 2012, at which
time a new tax sharing and compensating agreement was entered into by ARL, TCI, IOR and MRHI for the remainder of 2012 and subsequent
years. The agreement specifies the manner in which the group will share the consolidated tax liability and also how certain tax
attributes are to be treated among members of the group.&#160;</p>

    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><b><i>Recent accounting pronouncements</i></b><i>.</i>&#160;&#160;</p>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6830838272">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>REAL ESTATE<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
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<td class="text"><table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"><tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"><td style="width: 0in; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"><b>NOTE 2.</b></td>
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif"><b><i>REAL ESTATE</i></b></td>
        </tr>
    </table>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">A summary of our real estate owned as of the end of the year is listed below (dollars in thousands):</p>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2017</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">Real estate subject to sales contract</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,165,663</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,066,603</td>
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        </tr>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">Less accumulated deprecation</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(165,597</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">Total real estate, net of depreciation</td>
            <td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">988,117</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">901,006</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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Company is required to assess the fair value of its consolidated real estate assets with indicators of impairment. The value of
impaired real estate assets is determined using widely accepted valuation techniques, including discounted cash flow analyses
on the expected cash flow of each asset, as well as the income capitalization approach, which considers prevailing market capitalization
rates, analyses of recent comparable sales transactions, information from actual sales negotiations and bona fide purchase offers
received from third parties. The methods used to measure fair value may produce an amount that may not be indicative of net realizable
value or reflective of future values. Furthermore, although the Company believes its valuation methods are appropriate and consistent
with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial
instruments could result in a different fair value measurement at the reporting date. &#160;</font></p>

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        <font style="background-color: white">The highlights of our significant real estate transactions for the year ended December 31, 2017, are discussed below.</font>
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        <font style="background-color: white">During the year ended December 31, 2017, the Company acquired one income-producing apartment properties from a third party in the state of North Carolina increasing the total number of units by 201, for a combined purchase price of $79.7 million. In addition, we acquired one land parcel for future development for a total purchase price of $5.4 million, adding 36.3 acres to the development portfolio.</font>
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<p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"></p>
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        <font style="background-color: white">As of December 31, 2017, subsidiaries hold approximately 91 acres of land, at various locations that were sold to related parties in multiple transactions. These transactions are treated as &#x201C;subject to sales contract&#x201D; on the Consolidated Balance Sheets. Due to the related party nature of the transactions, we deferred the recording of the sales in accordance with ASC 360-20.</font>
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        <font style="background-color: white">We continue to invest in the development of apartment projects. During the year ended December 31, 2017, we have expended $69.8 million related to the construction or predevelopment of various apartment complexes and capitalized $2.4 million of interest costs.</font>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857050560">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NOTES AND INTEREST RECEIVABLE<br></strong></div></th>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,994</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">6,407</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,349</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">465</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,466</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,252</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">7,249</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832615936">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES<br></strong></div></th>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">Gruppa Florentina, LLC<sup>(1)</sup></font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">20.00</font>
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                <font style="font: 10pt Times New Roman, Times, Serif"><sup>(1)</sup> Other investees.</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 5%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 5%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,724</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">9,561</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">8,457</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">32,176</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">31,135</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">30,834</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(17,845</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(9,834</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(10,883</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(8,284</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(7,967</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">54,264</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">51,650</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">493</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -URI http://asc.fasb.org/topic&amp;trid=2196965<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6848219008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NOTES AND INTEREST PAYABLE<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtDisclosureTextBlock', window );">NOTES AND INTEREST PAYABLE</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" style="margin-bottom: 0pt; margin-top: 0; width: 100%; font: 10pt Times New Roman, Times, Serif"><tr style="vertical-align: top; text-align: justify; font: 10pt Times New Roman, Times, Serif"><td style="width: 0.75in; text-align: left; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>NOTE 5.</b></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">622</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">127,577</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">22,888</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">203</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23,091</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,449</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">508</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,957</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">110,172</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">453</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">110,625</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">10,013</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">101</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">10,114</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#160;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#160;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#160;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">916,736</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">3,585</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">920,321</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(19,237</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;&#160;&#160;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(19,237</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">897,499</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">3,585</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">901,084</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;&#160;&#160;
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <font style="font: 10pt Times New Roman, Times, Serif">The following table summarizes our contractual obligations for principal payments as of December 31, 2017 (dollars in thousands):</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
    </p>
    <table align="center" cellspacing="0" cellpadding="0" style="width: 40%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Year</td>
            <td style="padding-bottom: 1pt; vertical-align: middle; text-align: center; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Amount</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 43%; text-align: right; font: 10pt Times New Roman, Times, Serif">2018</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 10%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 43%; text-align: right; font: 10pt Times New Roman, Times, Serif">86,323</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">101,134</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">605,013</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160; &#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832615936">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BONDS PAYABLE AND INTEREST PAYABLE<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text">&#160;<span></span>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2017</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2016</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23,067</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23,067</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23,067</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">23,067</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832719232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS AND FEES<br></strong></div></th>
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                <font style="font: 10pt Times New Roman, Times, Serif"><b><i>RELATED PARTY TRANSACTIONS AND FEES</i></b></font>
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        <font style="font: 10pt Times New Roman, Times, Serif">We apply ASC Topic 805, &#x201C;Business Combinations,&#x201D; to evaluate business relationships. Related parties are persons or entities who have one or more of the following characteristics, which include entities for which investments in their equity securities would be required, trust for the benefit of persons including principal owners of the entities and members of their immediate families, management personnel 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 decision making of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests, or affiliates of the entity.</font>
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        <font style="font: 10pt Times New Roman, Times, Serif">The Company has historically engaged in and may continue to engage in certain business transactions with related parties, including but not limited to asset acquisition and dispositions. Transactions involving related parties cannot be presumed to be carried out on an arm&#x2019;s length basis due to the absence of free market forces that naturally exist in business dealings between two or more unrelated entities. Related party transactions may not always be favorable to our business and may include terms, conditions and agreements that are not necessarily beneficial to or in our best interest.</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">921</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">13,044</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">11,950</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">12,800</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">3,240</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">3,826</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">3,675</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 10pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Interest paid (received)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,195</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,144</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,234</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,045</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,682</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,441</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Revenue:</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; padding-left: 10pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Rental</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">783</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">708</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">726</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Fees paid to Regis and related parties:</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
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    <p style="margin: 0; font: 10pt Times New Roman, Times, Serif">&#160;</p>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: center; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font>
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            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font>
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            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font>
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            <td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; text-align: center; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,932</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">963</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">888</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">717</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">Real estate brokerage</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">1,369</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">787</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">1,105</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">11,460</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">12,450</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,754</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
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        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">The Company received rental revenue of $0.7 million in each of the three years ended December 31, 2017 from Pillar and its related parties for properties owned by the Company.</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">As of December 31, 2017, the Company had notes and interest receivables, net of allowances, of $62.4 million and $4.3 million, respectively, due from UHF, a related party. See Part 2, Item 8. Note 3. &#x201C;Notes and Interest Receivable.&#x201D; During the current period, the Company recognized interest income of $9.0 million, originated $5.7 million, received principal payments of $30.4 million and received interest payments of $10.2 million from these related party notes receivables.</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">On
January 1, 2012, the Company&#x2019;s subsidiary, TCI, entered into a development agreement with UHF, a non-profit corporation
that provides management services for the development of residential apartment projects in the future. This development agreement
was terminated December 31, 2013. The Company has also invested in surplus cash notes receivables from UHF and has sold several
residential apartment properties to UHF in prior years. Due to this ongoing relationship and the significant investment in the
performance of the collateral secured under the notes receivable, UHF has been determined to be a related party.</font></p>

<p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
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        <font style="font: 10pt Times New Roman, Times, Serif">The Company is the primary guarantor, on a $39.1 million mezzanine loan between UHF and a lender. In addition, ARL, and an officer of the Company are limited recourse guarantors of the loan. As of December 31, 2017, UHF was in compliance with the covenants to the loan agreement.</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">The Company is part of a tax sharing and compensating agreement with respect to federal income taxes between ARL, TCI and IOR and their subsidiaries that was entered into in July of 2009. The expense (benefit) in each year was calculated based on the amount of losses absorbed by taxable income multiplied by the maximum statutory tax rate of 35%.</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">The
following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties
as of December 31, 2017 (dollars in thousands):</font></p>

<p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <table align="center" cellspacing="0" cellpadding="0" style="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0in; width: 37%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Related party receivable, December 31, 2016</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">24,672</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Cash transfers</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">56,635</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Advisory fees</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(11,082</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income fee</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(250</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Cost reimbursements</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,240</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Interest income</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,196</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6671850752">
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<tr style="vertical-align: bottom">
    <td>&#160;</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td>
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<tr style="vertical-align: bottom">
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<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
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<tr style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8212;&#160;&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8212;&#160;&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;&#160;&#160;&#160;&#160;Federal</td><td>&#160;</td>
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<tr style="vertical-align: bottom; background-color: White">
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    <td style="text-align: left">&#160;</td><td style="text-align: right">170</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8212;&#160;&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8212;&#160;&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
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    <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">180</td><td style="font-weight: bold; text-align: left">&#160;</td><td style="font-weight: bold">&#160;</td>
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</table>

    <p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif">&#160;</p>
    <p style="margin: 0 0 8pt; font: 10pt/normal Times New Roman, Times, Serif">The reconciliation between the Company&#x2019;s effective tax rate on income from continuing operations and the statutory rate is as follows:</p>
    <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2017</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2016</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2015</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 5%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif">(3,044</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="width: 2%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif">(827</td>
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            <td style="width: 2%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">State and local income taxes net of federal tax benefit</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">180</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">Repricing of deferred assets due to change in future rates</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(28,663</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">31,707</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">873</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,800</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">Reported income tax (benefit) expense</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">180</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">46</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">517</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">Effective Tax Rate</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">0.7</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>N/A</b></font>
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            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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    <p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif">&#160;</p>
    <p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif">The company is subject to taxation in the United States and various states and foreign jurisdictions. As of December 31, 2017, the Company&#x2019;s tax years for 2016, 2015, and 2014 are subject to examination by the tax authorities. With few exceptions, as of December 31, 2017, the Company is no longer subject to U.S federal, state, local, or foreign examinations by tax authorities for the years before 2014.</p>
    <p style="margin: 0 0 8pt; text-align: justify; font: 10pt/normal Times New Roman, Times, Serif">The 2017 effective tax rate
is driven primarily by the passing of the Tax Cuts and Jobs Act by congress. This act has reduced the statutory tax rate for corporations
from 35% to 21% starting in 2018. As a result, the tax assets of ARI had to be re-priced to reflect the new rate for future years
with the impact impacting the 2017 provision for income taxes. <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif"><b>Components of the Net Deferred Tax Asset or Liability</b></font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</p>
    <table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><b>2016</b></td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">3,591</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 2%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">5,963</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">4,793</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">21,798</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">50,931</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">73,021</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Basis differences for fixed assets</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">34,726</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif">Net deferred tax asset</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Current net deferred tax asset</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">25,442</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">34,726</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">34,726</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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</td>
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<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">ARL&#8217;s
operations include the leasing of commercial properties (office buildings, industrial warehouses and retail centers). The leases,
thereon, expire at various dates through 2025. The following is a schedule of minimum future rents due to ARL under non-cancelable
operating leases as of December 31, 2017 (dollars in thousands):&#160;</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

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<tr style="line-height: normal; vertical-align: bottom; font-size-adjust: none; font-stretch: normal; background-color: rgb(204, 238, 255)">
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    <td style="line-height: normal; text-align: left; font-size-adjust: none; font-stretch: normal"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="line-height: normal; padding-bottom: 1pt; font-size-adjust: none; font-stretch: normal"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="font-weight: bold; line-height: normal; text-align: left; border-bottom: black 2pt double; font-size-adjust: none; font-stretch: normal"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 842<br> -SubTopic 20<br> -URI http://asc.fasb.org/subtopic&amp;trid=77888251<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -URI http://asc.fasb.org/topic&amp;trid=2208923<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857525600">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>OPERATING SEGMENTS<br></strong></div></th>
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                <font style="font: 10pt Times New Roman, Times, Serif">111</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">(18,549</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(64,088</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,358</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(16,354</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">33</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(25,679</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,945</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(34,354</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(66,173</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">18,941</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">18,941</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,391</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">12,760</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,547</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,698</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain on land sales</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">4,884</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">4,884</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Segment operating income (loss)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">243</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">23,189</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,722</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(16,351</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">10,803</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Capital expenditures</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(5,817</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">5,050</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">29,969</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">35,019</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">12,760</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">12,760</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain on sale</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,391</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">12,760</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">6,431</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">21,582</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">Commercial &#160;Properties</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif">Total</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">Operating revenue</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">33,026</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">86,603</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">30</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">4</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">119,663</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Operating expenses</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(20,398</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(40,786</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,745</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(21</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(62,950</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Depreciation and amortization</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,099</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(14,759</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">73</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(23,785</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Mortgage and loan interest</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(7,191</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(25,381</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(2,232</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(24,558</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(59,362</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Interest income</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">20,453</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">20,453</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(238</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,445</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,207</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain on land sales</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,121</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,121</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Segment operating income (loss)</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,900</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">22,122</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(826</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(4,049</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">13,347</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Capital expenditures</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">5,008</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">864</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">268</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">6,140</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Assets</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">150,838</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">622,061</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">128,107</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">901,006</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">50,978</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,905</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(26,007</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(31,650</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(238</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">16,445</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,121</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">19,328</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif">Commercial Properties</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="width: 40%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">30,540</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">73,543</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">105</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">104,188</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Operating expenses</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(17,761</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(34,955</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(257</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(54,002</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(12,498</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">73</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(21,418</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Mortgage and loan interest</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(6,919</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(23,699</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(4,694</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(17,165</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(52,477</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Interest income</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,674</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,674</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain on land sales</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">21,648</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">21,648</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Segment operating income (loss)</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,133</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,391</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">15,925</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(570</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">14,613</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Capital expenditures</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">8,133</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">506</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,621</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">853,507</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">11,129</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">107,298</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">118,427</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(10,394</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(88,387</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(98,781</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Recognized prior deferred gain</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,737</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,737</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain on sale</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">735</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">22,383</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">14,613</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(7,691</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(7,119</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(6,893</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Provision on impairment of notes receivable and real estate assets</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(5,300</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income fee to related party</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(250</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(257</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(492</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Advisory fee to related party</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(11,082</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(10,918</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,775</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Other income</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(454</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,091</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">4,106</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Loss on sale of investments</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(331</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">309</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">493</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">428</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Litigation settlement</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(352</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(67</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(46</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(517</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain (loss) from continuing operations</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(8,763</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(2,409</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(4,183</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):</p>
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        <font style="color: black; font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">For the Years Ended December 31,</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Segment assets</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">988,117</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">901,006</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">853,507</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Investments in unconsolidated subsidiaries and investees</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">6,396</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">6,087</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">8,365</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Notes and interest receivable</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">112,095</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">126,564</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">120,243</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Other assets and receivables</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">190,112</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">141,252</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">135,253</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Total assets</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">1,296,720</font>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832741568">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DISCONTINUED OPERATIONS<br></strong></div></th>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6830838272">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>QUARTERLY RESULTS OF OPERATIONS<br></strong></div></th>
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                <font style="font: 10pt Times New Roman, Times, Serif"><b><i>QUARTERLY RESULTS OF OPERATIONS</i></b></font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">31,587</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">31,807</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">27,345</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,759</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,397</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">28,292</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">4,477</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">4,828</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">5,410</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,713</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(10,829</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(15,676</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(9,348</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,853</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(6,352</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(10,848</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(3,938</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(9,140</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Gain (loss) on sale of income producing properties</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12,760</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,938</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Gain (loss) on land sales</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">445</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(476</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,062</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,853</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income tax benefit (expense)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(180</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) from continued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,907</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,324</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">9,884</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,529</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net loss from discontinued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(5,907</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(11,324</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">9,884</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(1,529</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">193</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">435</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(522</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">339</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Preferred dividend requirement</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(275</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(275</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(275</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(280</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,989</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,164</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">9,087</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,470)</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif">Earnings per share - basic</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Loss from continued operations</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.39</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.72</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.59</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.09</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.39</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.72</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.59</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Weighted average common shares used in computing earnings per share</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif">Earnings per share - diluted</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Loss from continued operations</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.39</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.72</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.59</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.09</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
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            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
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            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">30,834</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">25,881</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,212</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,272</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,664</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,324</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">4,622</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,795</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,893</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(8,470</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(8,156</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(9,252</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(10,447</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(3,534</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(5,457</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(7,554</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(244</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">5,168</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">11,283</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Gain (loss) on land sales</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,652</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,719</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">555</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(805</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income tax benefit (expense)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(46</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) from continued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,738</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,353</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,948</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,353</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(4,948</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,921</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">530</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(864</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,194</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(1,182</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Preferred dividend requirement</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(497</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(53</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(275</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(276</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,703</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">2,436</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,029</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">1,463</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif">PER SHARE DATA</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif">Earnings per share - basic</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Loss from continued operations</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.24</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.16</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.26</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.09</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.24</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.16</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.26</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.24</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.16</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.26</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">2015</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">21,155</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">20,388</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">25,741</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">30,596</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,001</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">3,853</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">2,085</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(11,152</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(12,993</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(337</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,286</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,067</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(14,624</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,876</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">3,027</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,958</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">13,787</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Income tax benefit</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">103</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(12</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">274</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(882</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) from continued operations</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,642</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">1,729</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(6,835</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,719</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income from discontinued operations</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">190</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(22</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">508</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">220</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income (loss)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,832</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,707</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">Preferred dividend requirement</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(275</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(276</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</font>
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            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">892</font>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(5,438</font>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,580</font>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
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            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">PER SHARE DATA</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">Earnings per share - basic</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Loss from continued operations</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">0.20</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">0.06</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.38</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.24</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Income from discontinued operations</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.01</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.06</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.23</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">14,027,619</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">15,367,320</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">15,514,360</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">15,514,360</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">0.16</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">0.05</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.38</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.24</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.01</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.03</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.01</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.17</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.05</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.35</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6672655536">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>COMMITMENTS, CONTINGENCIES, AND LIQUIDITY<br></strong></div></th>
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<td class="text">&#160;<span></span>
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        <font style="font: 10pt Times New Roman, Times, Serif"><i>Guarantees. </i>TCI is a primary guarantor, on a $39.1 million mezzanine loan between UHF and a lender. In addition, ARL, and an officer of the Company are limited recourse guarantors of the loan. As of December 31, 2017 UHF was in compliance with the covenants to the loan agreement.</font>
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        <font style="font: 10pt Times New Roman, Times, Serif"><i>Partnership Buyouts</i>.&#160;&#160;&#160;&#160;ARL is the limited partner in various partnerships related to the construction of residential properties. As permitted in the respective partnership agreements, ARL intends to purchase the interests of the general and any other limited partners in these partnerships subsequent to the completion of these projects. The amounts paid to buyout the nonaffiliated partners are limited to development fees earned by the nonaffiliated partners, and are set forth in the respective partnership agreements.</font>
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        <font style="font: 10pt Times New Roman, Times, Serif">While the Company and all entities in which the Company has a direct or indirect equity interest are not parties to or obligated in any way for the outcome, a formerly owned entity (American Realty Trust, Inc.) and its former subsidiary (ART Midwest, Inc.) have been engaged since 1999 in litigation with Mr. David Clapper and entities related to Mr. Clapper (collectively, the &#x201C;Clapper Parties&#x201D;). The matter originally involved a transaction in 1998 in which ART Midwest, Inc. was to acquire eight residential apartment complexes from the Clapper Parties. Through the years, a number of rulings, both for and against American Realty Trust, Inc. &#x201C;ART&#x201D; and ART Midwest, Inc., were issued. In October 2011, a ruling was issued under which the Clapper Parties received a judgment for approximately $74 million, including $26 million in actual damages and $48 million interest. The ruling was against ART and ART Midwest, Inc., but no other entity. During February 2014, the Court of Appeals affirmed a portion of the judgment in favor of the Clapper Parties, but also ruled that a double counting of a significant portion of the damages had occurred and remanded the case back to the trial court to recalculate the damage award, as well as pre- and post-judgment interest thereon. Subsequently, the trial court recalculated the damage award, reducing it to approximately $59 million, inclusive of actual damages and then current interest. ART was also a significant owner of a partnership interest in the partnership that was awarded the initial damages in this matter.</font>
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        <font style="font: 10pt Times New Roman, Times, Serif">The Clapper Parties subsequently filed a new lawsuit against ARI, its subsidiary EQK Holdings, Inc. &#x201C;EQK&#x201D;, and ART. The Clapper Parties seek damages from ARL for payment by ART to ARL of ART&#x2019;s stock in EQK in exchange for a release of the Antecedent Debt owed by ART to ARI.&#160;</font>In February 2018 the court determined that this legal matter should not have been filed in federal court and therefore granted motions to dismiss on jurisdictional grounds. The company has no knowledge as to whether the plaintiffs will attempt to refile their lawsuit in a state court.</p>
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2005, ART filed suit against a major national law firm over the initial transaction. That action was initially abated while the
principal case with the Clapper Parties was pending, but the abatement was recently lifted.&#160; The trial court subsequently
dismissed the case on procedural grounds, but ART has filed a notice of appeal. The appeal was heard in February 2018 and we are
awaiting a ruling by the appeals court. In January 2012, the Company sold all of the issued and outstanding stock of ART to an
unrelated party for a promissory note in the amount of $10 million. At December 31, 2012, the Company fully reserved and valued
such note at zero.&#160;</font></p>

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        <font style="font: 10pt Times New Roman, Times, Serif">On July 20, 2015, the 68<sup>th</sup>&#160;Judicial District Court in Dallas County, Texas issued its Final Judgment in Cause No. DC-03-00675, styled Basic Capital Management, Inc., American Realty Trust, Inc., Transcontinental Realty Investors, Inc., Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc. v. Dynex Commercial, Inc. The case, which was litigated for more than a decade, had its origin with Dynex Commercial making loans to Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc. (subsidiaries of Continental Mortgage &#38; Equity Trust (&#x201C;CMET&#x201D;), an entity which merged into TCI in 1999 after the original suit was filed). Under the original loan commitment, $160 million in loans were to be made to the entities. The loans were conditioned on the execution of a commitment between Dynex Commercial and Basic Capital Management, Inc. (&#x201C;Basic&#x201D;).</font>
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        <font style="font: 10pt Times New Roman, Times, Serif">An original trial in 2004, which also included Dynex Capital, Inc. as a defendant, resulted in a jury awarding damages in favor of Basic for &#x201C;lost opportunity,&#x201D; as well as damages in favor of ART and in favor of TCI and its subsidiaries for &#x201C;increased costs&#x201D; and &#x201C;lost opportunity.&#x201D; The original Trial Court judge ignored the jury&#x2019;s findings, however, and entered a &#x201C;Judgment Notwithstanding the Verdict&#x201D; (&#x201C;JNOV&#x201D;) in favor of the Dynex entities (the judge held the Plaintiffs were not entitled to any damages from the Dynex entities). After numerous appeals by all parties, Dynex Capital, Inc. was ultimately dismissed from the case and the remaining claims against Dynex Commercial were remanded to the Trial Court for a new judgment consistent with the jury&#x2019;s findings. The Court entered the new Final Judgment against Dynex Commercial, Inc. on July 20, 2015.&#160;</font>
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        <font style="font: 10pt Times New Roman, Times, Serif">The Final Judgment entered against Dynex Commercial, Inc. on July 20, 2015 awarded Basic was $0.256 million in damages, plus pre-judgment interest of $0.192 million for a total amount of $0.448 million. The Judgment awarded ART was $14.2 million in damages, plus pre-judgment interest of $10.6 million for a total amount of $24.8 million. The Judgment awarded TCI was $11.1 million, plus pre-judgment interest of $8.4 million for a total amount of $19.5 million. The Judgment also awarded Basic, ART, and TCI post-judgment interest at the rate of 5% per annum from April 25, 2014 until the date their respective damages were paid. Lastly, the Judgement awarded Basic, ART, and TCI was $1.6 million collectively in attorneys&#x2019; fees from Dynex Commercial, Inc.&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">The Company is working with counsel to identify assets and collect on the Final Judgment against Dynex Commercial, Inc., as well as explore possible additional claims, if any, against Dynex Capital, Inc.&#160;</font>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for commitments and contingencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -URI http://asc.fasb.org/topic&amp;trid=2127136<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -URI http://asc.fasb.org/topic&amp;trid=2144648<br></p></div>
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<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Earnings
per share (&#8220;EPS&#8221;) has been computed pursuant to the provisions of ASC Topic 260 &#8220;<i>Earnings Per Share.&#8221;
</i>The computation of basic EPS is calculated by dividing net income available to common shareholders from continuing operations,
adjusted for preferred dividends, by the weighted-average number of common shares outstanding during the period. Shares issued
during the period shall be weighted for the portion of the period that they were outstanding.</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

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of December 31, 2017, we have 2,000,614 shares of Series A 10.0% cumulative convertible preferred stock, which are outstanding.
These shares may be converted into common stock at 90% of the average daily closing price of the common stock for the prior 20
trading days. These are considered in the computation of diluted earnings per share if the effect of applying the if-converted
method is dilutive. Of the outstanding 2,000,614 shares, 900,000 are held by ARL. Dividends are not paid on the shares owned by
ARL.</font></p>

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<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Prior
to July 17, 2014, RAI owned 2,451,435 shares of the outstanding Series A 10.0.0% convertible preferred stock and had accrued dividends
unpaid of $15.1 million. On July 17, 2014, RAI converted 890,797 shares, including $6.3 million in accumulated dividends unpaid
for these shares, into the requisite number of shares of common stock. This conversion resulted in the issuance of 2,502,230 new
shares of ARL common stock. On April 9, 2015, RAI converted 460,638 shares including $2.3 million in accumulated dividends unpaid
for these shares, into the requisite number of shares of common stock. This conversion resulted in the issuance of 1,486,741 new
shares of ARL common stock. As of December 31, 2017, RAI owns 1,100,000 shares of the outstanding Series A convertible preferred
stock and has accrued dividends unpaid of $9.7 million.</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
Company had 135,000 shares of Series K convertible preferred stock, which were held by TCI and used as collateral on a note. The
note has been paid in full and the Series K preferred stock was cancelled May 7, 2014.</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Prior
to January 1, 2015, the Company had 1,000 shares of stock options outstanding. These options expired unexercised January 1, 2015.
The options are no longer included in the dilutive earnings per share calculation for the current period, but are considered in
the computation for the prior periods if applying the &#8220;treasury stock&#8221; method is dilutive.</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">As
of December 31, 2017, the Series A convertible preferred stock and the stock options were anti-dilutive and therefore not included
in the EPS calculation.</font></p>

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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.</p></div>
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    <td style="width: 1%; text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="width: 1%"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="width: 1%; text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">6,233</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">762</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">8,002</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">8,002</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">9,862</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">2,713</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">83</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">356</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">1,318</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">14,461</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">27</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">14,488</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">15,806</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">10,976</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">1,326</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">12,157</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">1,326</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">12,175</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">13,501</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font: 6pt Times New Roman, Times, Serif">40 years</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">11,510</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">14,955</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">1,450</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">14,955</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">16,405</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">976</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">/14</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">335</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">14,221</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">335</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">14,221</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">14,556</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">4,282</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">2004</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">01</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font: 6pt Times New Roman, Times, Serif">40 years</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">208</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">16,180</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="text-align: left; padding-left: 9pt; text-indent: -9pt"><font style="font-size: 6pt">Mansions of Mansfield, Mansfield, TX</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">977</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">17,843</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">31</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">977</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">17,874</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">18,851</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">3,916</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font: 6pt Times New Roman, Times, Serif">40 years</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="text-align: left; padding-left: 9pt; text-indent: -9pt"><font style="font-size: 6pt">Metropolitan Apartments, North Little Rock, AR</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">25,233</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">3,323</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">1,266</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">16,717</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">122</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">1,266</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">16,839</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="text-align: left; padding-left: 9pt; text-indent: -9pt"><font style="font-size: 6pt">Oceanaire Apartments, Biloxi, MS</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">571</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">1,048</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">19,512</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">5,248</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">947</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">12,601</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">182</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">947</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="text-align: left; padding-left: 9pt; text-indent: -9pt"><font style="font-size: 6pt">Parc at Rogers, Rogers, AR</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">20,004</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">1,482</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">266</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">885</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">17</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">16,685</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">17,570</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">3,893</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">2008</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">10</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">52</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">784</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">1,437</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">135</font></td>
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    <td style="text-align: right"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">622</font></td>
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    <td><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: right"><font style="font-size: 6pt">58</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: #cceeff">
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<tr style="vertical-align: bottom; background-color: white">
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    <td style="padding-bottom: 1pt"><font style="font-size: 6pt">&#160;</font></td>
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<tr style="vertical-align: bottom; background-color: #cceeff">
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    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
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    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">$</font></td>
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    <td style="text-align: left; font-weight: bold">&#160;</td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">$</font></td>
    <td style="text-align: right; font-weight: bold"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left; font-weight: bold">&#160;</td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">$</font></td>
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    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">$</font></td>
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    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">$</font></td>
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    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">$</font></td>
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    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">$</font></td>
    <td style="text-align: right; font-weight: bold"><font style="font-size: 6pt">&#8212;</font></td>
    <td style="text-align: left; font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
    <td style="font-weight: bold"><font style="font-size: 6pt">&#160;</font></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832662672">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>SCHEDULE IV MORTGAGE LOANS<br></strong></div></th>
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            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;97</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;97</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Edward Samson III</b></td>
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            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
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            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">12.00%</td>
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            <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">01/20</td>
            <td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;5,907</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
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            <td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
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            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
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            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
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            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;91</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;91</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
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            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Michael Monier</b></td>
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            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;304</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;304</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Michale Witte</b></td>
            <td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Palmer Brown Madden</b></td>
            <td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Richard Schmaltz</b></td>
            <td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;203</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;203</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Robert Baylis</b></td>
            <td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Sherman Bull</b></td>
            <td style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;193</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="vertical-align: top; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12/32</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble, LLC) </b></td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12/32</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12/32</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">100% Interest in UH of Vista Ridge, LLC</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;97</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;97</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: #cceeff; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Willingham Revocable Trust</b></td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">10.00%</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">09/17</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;96</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Class A limited partnership interests in Edina Park Plaza Associates, L.P.</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">various</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">various</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">various</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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    <p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"></p>

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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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    <p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif">&#160;</p>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"><b>&#160;Interest Rate</b></td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"><b>Final Maturity Date</b></td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"><b>Periodic Payment Terms</b></td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"><b>Prior Liens</b></td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"><b>Face Amount of Mortgage</b></td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center"><b>Principal or Loans Subject to Delinquent Principal or Interest</b></td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 6%; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 18%; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 8%; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 7%; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 1%; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; width: 7%; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12/32</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">Excess cash flow</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Unified Housing Foundation, Inc.</b></td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12.00%</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12/18</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">Excess cash flow</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;3,994</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;3,994</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Unified Housing Foundation, Inc.</b></td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12.00%</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12/18</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">Excess cash flow</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;6,407</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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        <tr style="background-color: white; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif"><b>Unified Housing Foundation, Inc.</b></td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">12.00%</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">06/20</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">Excess cash flow</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;5,760</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: top; font: 10pt Times New Roman, Times, Serif">
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">various</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">Excess cash flow</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; font: 10pt Times New Roman, Times, Serif">
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">various</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right">&#160;15,252</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: top; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;&#8212;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; vertical-align: bottom; text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td nowrap="nowrap" style="padding-left: 0.75pt; padding-right: 0.75pt; padding-top: 0.75pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">(1) Fully reserved</font>
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    <p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif"></p>
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    <p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif">&#160;</p>
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        <font style="font: 10pt Times New Roman, Times, Serif"><b>AMERICAN REALTY INVESTORS, INC.<br /> MORTGAGE LOANS <br /> As of December 31,</b></font>
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    <p style="margin-bottom: 0; margin-top: 0; font: 10pt Times New Roman, Times, Serif">&#160;</p>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">11,703</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858384096">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract', window );"><strong>Organization, Consolidation and Presentation of Financial Statements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock', window );">Basis of Presentation</a></td>
<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><b><i>Basis of presentation</i></b><i>.&#160;&#160;&#160;&#160;</i>The Company presents its financial statements in accordance with generally accepted accounting principles in the United States (&#x201C;GAAP&#x201D;). The accompanying Consolidated Financial Statements include our accounts, our subsidiaries, generally all of which are wholly-owned, and all entities in which we have a controlling interest. Arrangements that are not controlled through voting or similar rights are accounted for as a Variable Interest Entity (VIE), in accordance with the provisions and guidance of ASC Topic 810 &#x201C;Consolidation&#x201D;, whereby we have determined that we are a primary beneficiary of the VIE and meet certain criteria of a sole general partner or managing member as identified in accordance with Emerging Issues Task Force (&#x201C;EITF&#x201D;) Issue 04-5, Investor&#x2019;s Accounting for an Investment in a Limited Partnership when the Investor is the Sole General Partner and the Limited Partners have Certain Rights (&#x201C;EITF 04-5&#x201D;). VIEs are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders as a group lack adequate decision making ability, the obligation to absorb expected losses or residual returns of the entity, or have voting rights that are not proportional to their economic interests. The primary beneficiary generally is the entity that provides financial support and bears a majority of the financial risks, authorizes certain capital transactions, or makes operating decisions that materially affect the entity&#x2019;s financial results. All significant intercompany balances and transactions have been eliminated in consolidation.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">In determining whether we are the primary beneficiary of a VIE, we consider qualitative and quantitative factors, including, but not limited to: the amount and characteristics of our investment; the obligation or likelihood for us or other investors to provide financial support; our and the other investors&#x2019; ability to control or significantly influence key decisions for the VIE; and the similarity with and significance to the business activities of us and the other investors. Significant judgments related to these determinations include estimates about the current future fair values and performance of real estate held by these VIEs and general market conditions.</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">For entities in which we have less than a controlling financial interest or entities where it is not deemed to be the primary beneficiary, the entities are accounted for using the equity method of accounting. Accordingly, our share of the net earnings or losses of these entities is included in consolidated net income. Our investment in Gruppa Florentina, LLC is accounted for under the equity method.&#160;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">The Company in accordance with the VIE guidance in ASC 810 &#x201C;Consolidations&#x201D; consolidates fifty-one and fifty multifamily residential properties located throughout the United States at December 31, 2017 and 2016, respectively, with total units of 8,427 and 8,226, respectively.&#160; Assets totaling approximately
        <font style="background-color: white">$483.7</font>&#160;million&#160;and approximately $442 million at December 31, 2017 and 2016, respectively,&#160;were consolidated and included in &#x201C;Real estate, at cost&#x201D; on the balance sheet and are all collateral for their respective mortgage notes payable, none of which are recourse to the partnership in which they are in or to the Company.&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstatePolicyTextBlock', window );">Real estate, depreciation, and impairment</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Real
estate, depreciation, and impairment</i>.</b><i>&#160;&#160;&#160;&#160;</i>Real estate assets are stated at the lower of depreciated
cost or fair value, if deemed impaired. Major replacements and betterments are capitalized and depreciated over their estimated
useful lives. Depreciation is computed on a straight-line basis over the useful lives of the properties (buildings and improvements&#8212;10-40
years; furniture, fixtures and equipment&#8212;5-10 years). We continually evaluate the recoverability of the carrying value of
its real estate assets using the methodology prescribed in ASC Topic 360, &#8220;Property, Plant and Equipment,&#8221; Factors
considered by management in evaluating impairment of its existing real estate assets held for investment include significant declines
in property operating profits, annually recurring property operating losses and other significant adverse changes in general market
conditions that are considered permanent in nature. Under ASC Topic 360, a real estate asset held for investment is not considered
impaired if the undiscounted, estimated future cash flows of an asset (both the annual estimated cash flow from future operations
and the estimated cash flow from the theoretical sale of the asset) over its estimated holding period are in excess of the asset&#8217;s
net book value at the balance sheet date. If any real estate asset held for investment is considered impaired, a loss is provided
to reduce the carrying value of the asset to its estimated fair value.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Any
properties that are treated as &#8220;subject to sales contract&#8221; on the Consolidated Balance Sheets and are listed in detail
in Schedule III, &#8220;Real Estate and Accumulated Depreciation&#8221; are those in which we have not recognized the legal sale
according to the guidance in ASC 360-20 due to various factors, disclosed in each sale transaction under Item 1 Significant Real
Estate Acquisitions/Dispositions and Financing. Any sale transaction where the guidance reflects that a sale had not occurred,
the asset involved in the transaction, including the debt and property operations, remained on the books of the Company. We continue
to charge depreciation to expense as a period costs for the property until such time as the property has been classified as held
for sale in accordance with guidance reflected in ASC 360-10-45 &#8220;Impairment or Disposal of Long-Lived Assets&#8221;.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateHeldForDevelopmentAndSalePolicy', window );">Real estate held for sale</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Real
estate held for sale</i></b>.<i>&#160;&#160;</i>We classify properties as held for sale when certain criteria are met in accordance
with GAAP. At that time, we present the assets and obligations of the property held for sale separately in our consolidated balance
sheet and we cease recording depreciation and amortization expense related to that property. Properties held for sale are reported
at the lower of their carrying amount or their estimated fair value, less estimated costs to sell. We did not have any real estate
assets classified as held for sale at December 31, 2017 or 2016.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Effective
as of January 1, 2015, we adopted the revised guidance in Accounting Standards Update No.&#160;2014-08 regarding discontinued
operations. For sales of real estate or assets classified as held for sale after January 1, 2015, we will evaluate whether a disposal
transaction meets the criteria of a strategic shift and will have a major effect on our operations and financial results to determine
if the results of operations and gains on sale of real estate will be presented as part of our continuing operations or as discontinued
operations in our consolidated statements of operations. If the disposal represents a strategic shift, it will be classified as
discontinued operations for all periods presented; if not, it will be presented in continuing operations.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Any
properties that are treated as &#8220;subject to sales contract&#8221; on the Consolidated Balance Sheets and are listed in detail
in Schedule III, &#8220;Real Estate and Accumulated Depreciation&#8221; are those in which we have not recognized the legal sale
according to the guidance in ASC 360-20 due to various factors, disclosed in Item 1 &#8220;Significant Real Estate Acquisitions/Dispositions
and Financing.&#8221; Any sale transaction where the guidance reflects that a sale had not occurred, the asset involved in the
transaction, including the debt, if appropriate, and property operations, remained on the books of the Company. We continue to
charge depreciation to expense as a period costs for the property until such time as the property has been classified as held
for sale in accordance with guidance reflected in ASC 360-10-45 &#8220;Impairment or Disposal of Long-Lived Assets.&#8221;</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalizationOfInternalCostsPolicy', window );">Cost capitalization</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Cost
capitalization</i>.</b>&#160;&#160;&#160;&#160; The cost of buildings and improvements includes the purchase price of property,
legal fees and other acquisition costs. Costs directly related to planning, developing, initial leasing and constructing a property
are capitalized and classified as Real Estate in the Consolidated Balance Sheets. Capitalized development costs include interest,
property taxes, insurance, and other direct project costs incurred during the period of development.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">A
variety of costs are incurred in the acquisition, development and leasing of properties. After determination is made to capitalize
a cost, it is allocated to the specific component of a project that is benefited. Determination of when a development project
is substantially complete and capitalization must cease involves a degree of judgment. Our capitalization policy on development
properties is guided by ASC Topic 835-20 &#8220;Interest &#8211; Capitalization of Interest&#8221; and ASC Topic 970 &#8220;Real
Estate - General&#8221;. The costs of land and buildings under development include specifically identifiable costs. The capitalized
costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest
costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. We consider a
construction project as substantially completed and held available for occupancy upon the receipt of certificates of occupancy,
but no later than one year from cessation of major construction activity. We cease capitalization on the portion (1)&#160;substantially
completed and (2)&#160;occupied or held available for occupancy, and we capitalize only those costs associated with the portion
under construction.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">We
capitalize leasing costs which include commissions paid to outside brokers, legal costs incurred to negotiate and document a lease
agreement and any internal costs that may be applicable. We allocate these costs to individual tenant leases and amortize them
over the related lease term.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementPolicyPolicyTextBlock', window );">Fair value measurement</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Fair
value measurement</i></b><i>.&#160;&#160;&#160;&#160;</i>We apply the guidance in ASC Topic 820, &#8220;Fair Value Measurements
and Disclosures,&#8221; to the valuation of real estate assets. These provisions define fair value as the price that would be
received to sell an asset or paid to transfer a liability in a transaction between market participants at the measurement date,
establish a hierarchy that prioritizes the information used in developing fair value estimates and require disclosure of fair
value measurements by level within the fair value hierarchy. The hierarchy gives the highest priority to quoted prices in active
markets (Level 1 measurements) and the lowest priority to unobservable data (Level 3 measurements), such as the reporting entity&#8217;s
own data.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date
and includes three levels defined as follows:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: top">
    <td style="width: 10%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Level&#160;
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    <td style="width: 89%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Unadjusted
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<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Level&#160; 2 </font></td>
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    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Quoted prices for similar
    assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly,
    for substantially the full term of the financial instrument.</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Level&#160; 3</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Unobservable inputs
    that are significant to the fair value measurement.</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;A
financial instrument&#8217;s categorization within the valuation hierarchy is based upon the lowest level of input that is significant
to the fair value measurement.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RelatedPartiesPolicyTextBlock', window );">Related parties</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Related
parties</i>. </b>We apply ASC Topic 805, &#8220;Business Combinations&#8221;, to evaluate business relationships. Related parties
are persons or entities who have one or more of the following characteristics, which include entities for which investments in
their equity securities would be required, trust for the benefit of persons including principal owners of the entities and members
of their immediate families, management personnel 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 decision making of the other to an extent that
one of the transacting parties might be prevented from fully pursuing its own separate interests, or affiliates of the entity.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueRecognitionPolicyTextBlock', window );">Recognition of revenue</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Recognition
of revenue.</i></b><i>&#160;&#160;&#160;&#160;</i>Our revenues, which are composed largely of rental income, include rents reported
on a straight-line basis over the lease term. In accordance with ASC 805 &#8220;Business Combinations&#8221;, we recognize rental
revenue of acquired in-place &#8220;above-&#8221; and &#8220;below-market&#8221; leases at their fair values over the terms of
the respective leases.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Reimbursements
of operating costs, as allowed under most of our commercial tenant leases, consist of amounts due from tenants for common area
maintenance, real estate taxes and other recoverable costs, and are recognized as revenue in the period in which the recoverable
expenses are incurred. We record these reimbursements on a &#8220;gross&#8221; basis, since we generally are the primary obligor
with respect to purchasing goods and services from third-party suppliers, have discretion in selecting the supplier and have the
credit risk with respect to paying the supplier.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Rental
income for residential property leases is recorded when due from residents and is recognized monthly as earned, which is not materially
different than on a straight-line basis as lease terms are generally for periods of one year or less. For hotel properties, revenues
for room sales and guest services are recognized as rooms occupied and services rendered. An allowance for doubtful accounts is
recorded for all past due rents and operating expense reimbursements considered to be uncollectible.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">Sales
and the associated gains or losses of real estate assets are recognized in accordance with the provisions of ASC Topic 360-20,
&#8220;Property, Plant and Equipment &#8211; Real Estate Sale&#8221;. The specific timing of a sale is measured against various
criteria in ASC 360-20 related to the terms of the transaction and any continuing involvement in the form of management or financial
assistance associated with the properties. If the sales criteria for the full accrual method are not met, the Company defers some
or all of the gain recognition and accounts for the continued operations of the property by applying the finance, leasing, deposit,
installment or cost recovery methods, as appropriate, until the sales criteria are met.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock', window );">Foreign currency translation</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Foreign
currency translation</i></b><i>.&#160;&#160;</i>Foreign currency denominated assets and liabilities of subsidiaries with local
functional currencies are translated to United States dollars at year-end exchange rates. The effects of translation are recorded
in the cumulative translation component of shareholders&#8217; equity. Subsidiaries with a United States dollar functional currency
re-measure monetary assets and liabilities at year-end exchange rates and non-monetary assets and liabilities at historical exchange
rates. The effects of re-measurement are included in income. Exchange gains and losses arising from transactions denominated in
foreign currencies are translated at average exchange rates.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansAndLeasesReceivableNonperformingLoanAndLeasePolicy', window );">Non-performing notes receivable</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Non-performing
notes receivable.</i></b><i>&#160;&#160;</i>ARL considers a note receivable to be non-performing when the maturity date has passed
without principal repayment and the borrower is not making interest payments in accordance with the terms of the agreement.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_InterestRecognitionOnNotesReceivablePolicyTextBlock', window );">Interest recognition on notes receivable</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Interest
recognition on notes receivable. </i></b>We record interest income as earned in accordance with the terms of the related loan
agreements.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy', window );">Allowance for estimated losses</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Allowance
for estimated losses</i></b><i>.&#160;&#160;</i>We assess the collectability of notes receivable on a periodic basis, of which
the assessment consists primarily of an evaluation of cash flow projections of the borrower to determine whether estimated cash
flows are sufficient to repay principal and interest in accordance with the contractual terms of the note. We recognize impairments
on notes receivable when it is probable that principal and interest will not be received in accordance with the contractual terms
of the loan. The amount of the impairment to be recognized generally is based on the fair value of the partnership&#8217;s real
estate that represents the primary source of loan repayment. See Note 3 &#8220;Notes and Interest Receivable&#8221; for details
on our notes receivable.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock', window );">Cash equivalents</a></td>
<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><b><i>Cash equivalents</i></b><i>. &#160; </i>For purposes of the Consolidated Statements of Cash Flows, all highly liquid investments purchased with an original maturity of three months or less are considered to be cash equivalents.</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy', window );">Restricted cash</a></td>
<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><em><strong>Restricted cash.&#160;&#160;</strong></em>Restricted cash is comprised primarily of cash balances held in escrow by financial institutions under the terms of certain secured notes payable and certain unsecured bonds payable.&#160;</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConcentrationRiskCreditRisk', window );">Concentration of credit risk</a></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Concentration of credit risk</i></b><i>. </i>The
Company maintains its cash balances at commercial banks and through investment companies, the deposits of which are insured by
the Federal Deposit Insurance Corporation (FDIC). At December 31, 2017 and 2016, the Company maintained balances in excess of
the insured amount.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerSharePolicyTextBlock', window );">Earnings per share</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Earnings
per share</i></b><i>.&#160;&#160;&#160;&#160;</i>Income (loss) per share is presented in accordance with ASC 620 &#8220;Earnings
per Share&#8221;. Income (loss) per share is computed based upon the weighted average number of shares of common stock outstanding
during each year.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Use of estimates</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Use
of estimates.</i></b><i>&#160;&#160;&#160;&#160;</i>In the preparation of Consolidated Financial Statements in conformity with
GAAP, it is necessary for management to make estimates and assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts
of revenues and expense for the year ended. Actual results could differ from those estimates.</font></p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxPolicyTextBlock', window );">Income taxes</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Income
taxes.</i></b><i>&#160;&#160;&#160;</i>The Company is a &#8220;C&#8221; corporation for U.S. federal income tax purposes. For
tax periods ending before August 31, 2012, the Company filed an annual consolidated income tax return with TCI and IOR and their
subsidiaries. ARL was the common parent for the consolidated group. After that date, the Company and the rest of the ARL group
joined the MRHI consolidated group for tax purposes. The income tax expense (benefit) for the 2012 tax period in the accompanying
financial statement was calculated under a tax sharing and compensating agreement between ARL, TCI and IOR. That agreement continued
until August 31, 2012, at which time a new tax sharing and compensating agreement was entered into by ARL, TCI, IOR and MRHI for
the remainder of 2012 and subsequent years. The agreement specifies the manner in which the group will share the consolidated
tax liability and also how certain tax attributes are to be treated among members of the group.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock', window );">Recent accounting pronouncements</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Recent
accounting pronouncements</i></b><i>.</i>&#160;&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In
May 2014, Accounting Standards Update (&#8220;ASU&#8221;) No. 2014-09 (&#8220;ASU 2014-09&#8221;), &#8220;Revenue from Contracts
with Customers,&#8221; was issued. This new guidance established a new single comprehensive revenue recognition model and provides
for enhanced disclosures. Under the new policy, the nature, timing and amount of revenue recognized for certain transactions could
differ from those recognized under existing accounting guidance. This new standard does not affect revenue recognized under lease
contracts. ASU 2014-09 is effective for reporting periods beginning after December 15, 2017. The Company is currently evaluating
the impact the adoption of this guidance has on its financial position and results of operations, if any.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">In
February 2016, Accounting Standards Update No. 2016-02 (&#8220;ASU 2016-02&#8221;), &#8220;Leases&#8221; was issued. This new
guidance establishes a new model for accounting for leases and provides for enhanced disclosures. ASU 2016-02 is effective for
reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this guidance,
if any, on its financial position and results of operations.</font></p><span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure on interest recognition on notes receivable and related activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for capitalizing internal costs associated with exploration and production activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 932<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-10(c)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=82851474&amp;loc=d3e511914-122862<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 932<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (c)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015634&amp;loc=d3e516343-122869<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 305<br> -SubTopic 10<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6375392&amp;loc=d3e26790-107797<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4273-108586<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Entity's cash and cash equivalents accounting policy with respect to restricted balances.  Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(1)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 305<br> -SubTopic 10<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6375392&amp;loc=d3e26790-107797<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513485&amp;loc=d3e4273-108586<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConcentrationRiskCreditRisk">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for credit risk.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 55<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=75027168&amp;loc=d3e14489-108613<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 825<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=75032840&amp;loc=d3e61082-112788<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 825<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=75027451&amp;loc=SL29635902-196195<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13537-108611<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=77997519&amp;loc=d3e13531-108611<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 825<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=75032840&amp;loc=d3e61044-112788<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConcentrationRiskCreditRisk</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerSharePolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3630-109257<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerSharePolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueMeasurementPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueMeasurementPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32840-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 30<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=65884525&amp;loc=d3e40913-109327<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 954<br> -SubTopic 740<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6491622&amp;loc=d3e9504-115650<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32809-109319<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e32247-109318<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e32280-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for estimating the allowance for losses on loans and lease receivables. The disclosure may include (a) how the entity determines each element of the allowance, (b) which loans are evaluated individually and which loans are evaluated as a group, (c) how the entity determines both the allocated and unallocated portions of the allowance, (d) how the entity determines the loss factors applied to graded loans in order to develop a general allowance, and (e) what self-correcting mechanism the entity uses to reduce differences between estimated and actual losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=84173941&amp;loc=d3e5144-111524<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansAndLeasesReceivableAllowanceForLoanLossesPolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansAndLeasesReceivableNonperformingLoanAndLeasePolicy">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for deeming amounts due from a borrower as not being in compliance with principal and interest payment terms, describes the method for valuing a loan in such status, and indicates whether interest contractually accruing thereon is being recognized as income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansAndLeasesReceivableNonperformingLoanAndLeasePolicy</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>nonnum:textBlockItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract</td>
</tr>
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for real estate held for development or sale.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for entities that primarily develop and then sell real property at retail or otherwise.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6790805024">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>REAL ESTATE (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentFinancialStatementsDisclosureTextBlock', window );">Schedule of real estate owned</a></td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">733,620</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">25,288</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">200,797</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">218,857</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">77,560</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">79,188</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">48,234</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">48,919</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">Total real estate, at cost, less impairment</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,165,663</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,066,603</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">Less accumulated deprecation</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(177,546</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(165,597</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">Total real estate, net of depreciation</td>
            <td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">988,117</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right">901,006</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832663248">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NOTES AND INTEREST RECEIVABLE (Tables)<br></strong></div></th>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Unified Housing Foundation, Inc. (Trails at White Rock) <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /32</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,815</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /18</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,994</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">12 /18</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">6,407</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">5,760</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font-size: 10pt">Unified Housing Foundation, Inc. <sup>(1)</sup></font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">12.00</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,349</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">465</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,466</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various secured interests</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">Other non-related party notes</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="text-align: center; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font-size: 10pt">Various</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,252</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">Accrued interest</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">7,249</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: bold 10pt Times New Roman, Times, Serif">Non- Performing</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">One Realco Corporation&#160;<sup>(1,2)</sup></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">01/17</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-left: 9pt; text-align: left; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-left: 18pt; text-indent: -9pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6784786112">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-top: 8pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_ScheduleOfFinancialPositionAndResultsOfOperationsUnconsolidatedParentTabletextBlock', window );">Schedule of financial position and results of operations from our investees</a></td>
<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"></font></p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">The following is a summary of the financial position and results of operations from our investees (dollars in thousands):</font>
    </p>
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        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 5%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 5%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 5%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,724</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">9,561</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">8,457</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">31,135</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">30,834</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(17,845</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(9,834</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(10,883</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(5,991</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(8,284</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(7,967</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">54,264</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">51,650</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(1,279</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(1,150</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(1,150</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(35,410</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(49,856</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(47,143</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,065</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(793</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(805</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">993</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,465</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,552</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#8212;&#160;&#160;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#8212;&#160;&#160;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832795600">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NOTES AND INTEREST PAYABLE (Tables)<br></strong></div></th>
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</tr>
<tr class="ro">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">113</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">622</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">203</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23,091</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">508</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,957</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">453</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">110,625</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">101</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.</p></div>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td nowrap="nowrap" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">113,049</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td></tr></table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock', window );">Schedule of principal payments on the bonds payable</a></td>
<td class="text"><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"><tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><td colspan="9" style="text-align: left; font: 10pt Times New Roman, Times, Serif"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">b.&#160;&#160;&#160;&#160;&#160;Aggregate maturities are as follows:</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="6" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31,</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2017</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2016</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23,067</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23,067</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">23,067</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">Thereafter</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">23,067</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">115,335</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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</td>
</tr>
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<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfDebtInstrumentsTextBlock">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfDebtInstrumentsTextBlock</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6789396720">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS AND FEES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsAbstract', window );"><strong>Related Party Transactions [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock', window );">Schedule of description of the related party transactions and fees</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Fees,
expenses, and revenue paid to and/or received from our advisor:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 97%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in">
<tr style="vertical-align: bottom">
    <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td>
    <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td>
    <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>2015</b></font></td>
    <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="10" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">(dollars
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    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
    <td><font style="font: 10pt Times New Roman, Times, Serif">Fees:</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="width: 61%; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Advisory</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">11,082</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10,918</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">9,775</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="text-align: left; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Mortgage
    brokerage and equity refinancing</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,712</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">775</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,612</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="text-align: left; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Net
    income</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">250</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">257</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">492</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-bottom: 1pt; text-align: left; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Property
    acquisition and sales</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#8212;</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">921</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">13,044</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">11,950</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">12,800</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Other Expense:</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="text-align: left; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Cost
    reimbursements</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,240</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,826</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,675</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-bottom: 1pt; text-align: left; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest
    paid (received)</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,195</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,144</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(1,234</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,045</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,682</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">2,441</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td><font style="font: 10pt Times New Roman, Times, Serif">Revenue:</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="padding-bottom: 2pt; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Rental</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">783</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">708</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">726</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="background-color: white">
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Fees paid to Regis
    and related parties:</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

<table cellspacing="0" cellpadding="0" style="width: 97%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in">
<tr style="vertical-align: bottom">
    <td style="padding-bottom: 1pt; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="padding-bottom: 1pt; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td>
    <td style="padding-bottom: 1pt; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="padding-bottom: 1pt; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td>
    <td style="padding-bottom: 1pt; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="padding-bottom: 1pt; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>2015</b></font></td>
    <td style="padding-bottom: 1pt; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
<tr style="vertical-align: bottom">
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td colspan="9" style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">(dollars
    in thousands)</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom">
    <td style="width: 61%"><font style="font: 10pt Times New Roman, Times, Serif">Fees:</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="text-align: left; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Property
    acquisition</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">9,128</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10,775</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,932</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="text-align: left; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Property
    management, construction management and leasing commissions</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">963</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">888</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">717</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="padding-bottom: 1pt; text-align: left; padding-left: 10pt"><font style="font: 10pt Times New Roman, Times, Serif">Real
    estate brokerage</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,369</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">787</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">1,105</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: white">
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">11,460</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">12,450</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 2pt double; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td>
    <td style="border-bottom: black 2pt double; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">3,754</font></td>
    <td style="padding-bottom: 2pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
</table><span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_ScheduleOfRelatedPartyTransactions1TableTextBlock', window );">Schedule reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties</a></td>
<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">The
following table reconciles the beginning and ending balances of accounts receivable from and (accounts payable) to related parties
as of December 31, 2017 (dollars in thousands):</font></p>

<p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>
    <table align="center" cellspacing="0" cellpadding="0" style="width: 50%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif">Pillar</font>
            </td>
            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0in; width: 37%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Related party receivable, December 31, 2016</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">24,672</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Cash transfers</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">56,635</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Advisory fees</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(11,082</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income fee</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(250</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Cost reimbursements</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,240</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Interest income</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,196</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Notes receivable purchased</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(447</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Fees and commissions</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,082</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Expenses paid by Advisor</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(579</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Financing (mortgage payments)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(17,313</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Sales/purchases transactions</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,818</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832586752">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INCOME TAXES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock', window );">Schedule of income tax expense benefit</a></td>
<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">For financial reporting purposes, income before income taxes were:&#160;
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font>&#160;</p>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2016</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2015</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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    <p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif">&#160;</p>
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    <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
    <td style="text-align: center">&#160;</td><td>&#160;</td>
    <td colspan="11" style="text-align: center">Years Ended December 31</td></tr>
<tr style="vertical-align: bottom">
    <td>&#160;</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2017</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td colspan="3" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2016</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td>
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    <td>Current:</td><td>&#160;</td>
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    <td style="width: 46%">&#160;&#160;&#160;&#160;&#160;Federal</td><td style="width: 5%">&#160;</td>
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    <td>&#160;&#160;&#160;State</td><td>&#160;</td>
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    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8212;&#160;&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8212;&#160;&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left">Deferred and other:</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;&#160;&#160;&#160;&#160;Federal</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3,044</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(45</td><td style="text-align: left">)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">(1,000</td><td style="text-align: left">)</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td>&#160;&#160;&#160;State</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">170</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8212;&#160;&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8212;&#160;&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td>&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="font-weight: bold; text-align: left">Total Tax Expense</td><td style="font-weight: bold">&#160;</td>
    <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">180</td><td style="font-weight: bold; text-align: left">&#160;</td><td style="font-weight: bold">&#160;</td>
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    <p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif">&#160;</p><span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock', window );">Schedule of reconciliation effective tax rate on income from continuing operations and the statutory rate</a></td>
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    <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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            <td style="text-align: center; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="11" style="text-align: center; font: 10pt Times New Roman, Times, Serif">Years Ended December 31</td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2017</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2016</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">2015</td>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="width: 5%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="width: 2%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif">(827</td>
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            <td style="width: 2%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 11%; text-align: right; font: 10pt Times New Roman, Times, Serif">(1,283</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">State and local income taxes net of federal tax benefit</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(28,663</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">Change in valuation allowance</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">31,707</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">873</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,800</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">Reported income tax (benefit) expense</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">180</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">46</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">517</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">Effective Tax Rate</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">0.7</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">%</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>N/A</b></font>
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            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>N/A</b></font>
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            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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    </table>
    <p style="margin: 0; font: 10pt/normal Times New Roman, Times, Serif">&#160;</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock', window );">Schedule of components of the Net Deferred Tax Asset or Liability</a></td>
<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>Components of the Net Deferred Tax Asset or Liability</b></font>
    </p>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</p>
    <table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="8" style="vertical-align: bottom; text-align: center; font: 10pt Times New Roman, Times, Serif">Years Ended December 31</td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><b>2017</b></td>
            <td style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></td>
            <td colspan="3" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><b>2016</b></td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="7" style="text-align: center; font: 10pt Times New Roman, Times, Serif">(in thousands)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="width: 73%; text-align: justify; font: 10pt Times New Roman, Times, Serif">Allowance for losses on notes</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">3,591</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 2%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">5,963</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Installment note on land sale</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,875</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">4,793</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Deferred gain</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">11,040</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">21,798</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Net operating loss carryforward</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">50,931</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">73,021</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Subtotal</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">68,437</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">105,575</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Less:&#160;&#160;valuation allowance</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(42,995</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(70,849</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif">Total net deferred tax assets</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">25,442</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">34,726</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Basis differences for fixed assets</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">25,442</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">34,726</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif">Total deferred tax liability</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">25,442</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">34,726</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif">Net deferred tax asset</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Current net deferred tax asset</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">25,442</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">34,726</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: 10pt Times New Roman, Times, Serif">Long-term net deferred tax liability</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">25,442</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">34,726</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: justify; font: bold 10pt Times New Roman, Times, Serif">Net deferred tax asset</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: bold 10pt Times New Roman, Times, Serif">&#x2014;&#160;&#160;</td>
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif"><b>&#160; &#160;</b></font></p><span></span>
</td>
</tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832518976">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock', window );">Schedule of minimum future rents under non-cancelable operating leases</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
following is a schedule of minimum future rents due to ARL under non-cancelable operating leases as of December 31, 2017 (dollars
in thousands):&#160;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p>

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<tr style="vertical-align: bottom">
    <td style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Year</b></font></td>
    <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
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    <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Amount</b></font></td>
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    <td style="width: 55%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">2018</font></td>
    <td style="width: 3%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="width: 3%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">2019</font></td>
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    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">2020</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
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    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">13,643</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
<tr style="vertical-align: bottom; background-color: #cceeff">
    <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">2022</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">10,634</font></td>
    <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Thereafter</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td>
    <td style="border-bottom: black 1pt solid; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">16,686</font></td>
    <td style="padding-bottom: 1pt; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr>
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    <td style="text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Total</b></font></td>
    <td style="padding-bottom: 2pt; text-align: left; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="padding-bottom: 2pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td>
    <td style="border-bottom: black 2pt double; text-align: left; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>$</b></font></td>
    <td style="border-bottom: black 2pt double; text-align: right; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>101,702</b></font></td>
    <td style="padding-bottom: 2pt; text-align: left; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832632880">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>OPERATING SEGMENTS (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2017</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
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<tr class="ro">
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<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif"><font style="font: 10pt Times New Roman, Times, Serif">Presented below is the Company&#x2019;s reportable segments&#x2019; operating income including segment assets and expenditures for the years 2017, 2016 and 2015 (dollars in thousands):&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">For the Twelve Months Ended December 31, 2017</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif"><b>Commercial Properties</b></font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
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            <td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
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            <td style="padding-bottom: 1pt; text-align: left; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">111</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(18,549</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(43,677</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(875</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(987</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(64,088</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Depreciation and amortization</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,358</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(16,354</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">33</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(25,679</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(7,527</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(22,347</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,945</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(34,354</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(66,173</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Interest income</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">18,941</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">18,941</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,391</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">12,760</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,547</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,698</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain on land sales</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">4,884</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">4,884</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Segment operating income (loss)</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">243</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">23,189</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,722</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(16,351</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">10,803</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Capital expenditures</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(5,817</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,402</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">609</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,806</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Assets</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">137,157</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">727,508</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">127,554</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">992,219</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Property Sales</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Sales price</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">5,050</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">29,969</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">35,019</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Cost of sale</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">12,760</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">12,760</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">Gain on sale</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">12,760</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">6,431</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">21,582</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">For the Twelve Months Ended December 31, 2016</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">33,026</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">86,603</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">30</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">4</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">119,663</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Operating expenses</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(20,398</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(40,786</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,745</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(21</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(62,950</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,099</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(14,759</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(24,558</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(59,362</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">20,453</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">20,453</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(238</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,445</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,207</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain on land sales</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,121</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,121</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Segment operating income (loss)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,900</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">22,122</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(826</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(4,049</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">13,347</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Capital expenditures</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">5,008</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">864</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">268</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">6,140</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">50,978</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,905</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(26,007</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(31,650</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(238</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">16,445</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">3,121</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">19,328</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">Commercial Properties</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">Apartments</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
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            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">30,540</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">73,543</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">105</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 9%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">104,188</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Operating expenses</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(17,761</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(34,955</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,029</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(257</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(54,002</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Depreciation and amortization</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(8,993</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(12,498</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">73</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(21,418</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Mortgage and loan interest</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(6,919</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(23,699</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(4,694</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(17,165</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(52,477</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Interest income</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,674</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">16,674</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain on land sales</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">21,648</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">21,648</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(3,133</font>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,391</font>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">15,925</font>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(570</font>
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            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">14,613</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Capital expenditures</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">8,133</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">506</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,621</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">11,260</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">155,147</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">551,415</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">146,945</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">853,507</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Property Sales</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Sales price</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">11,129</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">107,298</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">118,427</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Cost of sale</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(10,394</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(88,387</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(98,781</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,737</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,737</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">Gain on sale</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">735</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">21,648</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">22,383</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
</p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock', window );">Schedule of reconciliation of segment information to Consolidated Statements of Operations</a></td>
<td class="text"><p style="color: red; margin: 0pt 0; text-align: left; font: 10pt Times New Roman, Times, Serif"><font style="color: black; font: 10pt Times New Roman, Times, Serif">The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Statements of Operations (dollars in thousands):</font>
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
    </p>
    <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">For the Years Ended December 31,</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
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            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif">2015</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Segment operating income (loss)</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">10,803</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">13,347</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">14,613</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Other non-segment items of income (expense)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">General and administrative</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(7,691</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(7,119</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(6,893</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Provision on impairment of notes receivable and real estate assets</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(5,300</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income fee to related party</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(250</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(257</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(492</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,775</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(454</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,091</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">4,106</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Loss on sale of investments</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(331</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Earnings from unconsolidated joint ventures and investees</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">309</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">493</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">428</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Litigation settlement</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(352</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; text-align: left; text-indent: 20pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Income tax benefit (expense)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(67</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(46</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(517</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Gain (loss) from continuing operations</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(8,763</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(2,409</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(4,183</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
    </table>
    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
</p><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock', window );">Schedule of reconciliation of segment information to Consolidated Balance Sheets</a></td>
<td class="text"><p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">The table below reflects the reconciliation of segment information to the corresponding amounts in the Consolidated Balance Sheets (dollars in thousands):</p>
    <p style="color: red; margin-bottom: 0pt; margin-top: 0; text-align: justify; text-indent: 0in; font: 10pt Times New Roman, Times, Serif">
        <font style="color: black; font: 10pt Times New Roman, Times, Serif">&#160;</font>
    </p>
    <table cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td colspan="10" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif">For the Years Ended December 31,</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif">2017</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif">2016</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">
                <font style="font: 10pt Times New Roman, Times, Serif">2015</font>
            </td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="width: 61%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Segment assets</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">988,117</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">901,006</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">853,507</font>
            </td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6848150352">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DISCONTINUED OPERATIONS (Tables)<br></strong></div></th>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right">355</td>
            <td style="padding-bottom: 1pt; width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">355</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif">Property operating expenses</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(345)</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; font: 10pt Times New Roman, Times, Serif">Depreciation</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif">General and administrative</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">99</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">Total operating expenses</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(246)</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif">Other income (expense)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">45</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif">Mortgage and loan interest</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(2</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif">Loan charges and prepayment penalties</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif">Litigation settlement</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.25in; text-align: left; font: 10pt Times New Roman, Times, Serif">Total other expenses</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">43</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">Loss from discontinued operations before gain on sale of real estate and taxes</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(2)</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">644</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; font: 10pt Times New Roman, Times, Serif">Gain on sale of real estate from discontinued operations</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">735</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6839676000">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>QUARTERLY RESULTS OF OPERATIONS (Tables)<br></strong></div></th>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,938</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">445</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(476</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,062</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,853</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(180</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,907</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,324</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">9,884</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,529</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(5,907</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(11,324</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">9,884</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(1,529</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">193</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">435</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(522</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">339</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Preferred dividend requirement</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(275</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(275</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(275</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(280</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(5,989</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(11,164</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">9,087</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(1,470)</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif"></td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Loss from continued operations</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.39</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.72</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.59</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.09</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.39</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.72</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.59</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Weighted average common shares used in computing earnings per share</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif">Earnings per share - diluted</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Loss from continued operations</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.39</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.72</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.59</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.09</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.39</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.72</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.59</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Weighted average common shares used in computing diluted earnings per share</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
        <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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    <table align="center" cellspacing="0" cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="14" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended 2016</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">June 30,</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">September 30,</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center">December 31,</td>
            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="14" style="text-align: center; font: bold 10pt Times New Roman, Times, Serif">(dollars in thousands, except share and per share amounts)</td>
            <td style="font: bold 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif">2016</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; width: 48%; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Total operating revenues</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">29,205</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">30,834</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">30,067</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">29,557</td>
            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">25,881</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,212</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,272</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">26,664</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,324</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">4,622</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,795</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,893</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(8,470</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(8,156</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(9,252</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(10,447</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(5,146</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(3,534</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(5,457</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(7,554</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Gain (loss) on sale of income producing properties</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(244</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">5,168</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#x2014;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">11,283</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Gain (loss) on land sales</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,652</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,719</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">555</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(805</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income tax benefit (expense)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(46</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) from continued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,738</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,353</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,948</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2,924</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net loss from discontinued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">2</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(3</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(3,736</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">3,353</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(4,948</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">2,921</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">530</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(864</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">1,194</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(1,182</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Preferred dividend requirement</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(497</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(53</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(275</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(276</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(3,703</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">2,436</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(4,029</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">1,463</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif">Earnings per share - basic</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Loss from continued operations</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.24</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.16</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.26</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.09</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.24</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.16</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.26</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Weighted average common shares used in computing earnings per share</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: bold 10pt Times New Roman, Times, Serif">Earnings per share - diluted</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Loss from continued operations</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.24</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.16</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">(0.26</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">$</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">0.09</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Income from discontinued operations</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">&#160;</td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">&#x2014;</td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.24</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.16</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(0.26</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">)</td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">0.09</td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">Weighted average common shares used in computing diluted earnings per share</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">15,514,360</td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">&#160;</td>
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    <p style="margin: 0pt 0; text-align: justify; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: bold 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">2015</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
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            <td style="width: 10%; text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">28,965</font>
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            <td style="width: 1%; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">21,155</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">20,388</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">25,741</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">30,596</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,001</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">3,853</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,085</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,631</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Other expense</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(2,338</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(5,139</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(11,152</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(12,993</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Loss before gain on land sales, non-contolling interest, and taxes</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(337</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,286</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(9,067</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(14,624</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
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            <td style="font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,876</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">3,027</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">103</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(12</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">274</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) from continued operations</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,642</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">1,729</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(6,835</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,719</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income from discontinued operations</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">190</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(22</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">508</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">220</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income (loss)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">2,832</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,707</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(6,327</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(1,499</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
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            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">508</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(540</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">1,164</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">195</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 1pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Preferred dividend requirement</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(390</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(275</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(275</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(276</font>
            </td>
            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-bottom: 2.5pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">2,950</font>
            </td>
            <td style="padding-bottom: 2.5pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2.5pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">892</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
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                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">PER SHARE DATA</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">Earnings per share - basic</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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                <font style="font: 10pt Times New Roman, Times, Serif">0.20</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
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            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">0.06</font>
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            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.38</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.24</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
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            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.01</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">&#x2014;</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.03</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.01</font>
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            <td style="padding-bottom: 1pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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            <td style="padding-bottom: 2pt; padding-left: 0.125in; text-align: left; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) applicable to common shares</font>
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            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.21</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">0.06</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.35</font>
            </td>
            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
            <td style="padding-bottom: 2pt; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">
                <font style="font: 10pt Times New Roman, Times, Serif">$</font>
            </td>
            <td style="border-bottom: Black 2pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">
                <font style="font: 10pt Times New Roman, Times, Serif">(0.23</font>
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            <td style="padding-bottom: 2pt; text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">)</font>
            </td>
        </tr>
        <tr style="background-color: white; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">Weighted average common shares used in computing earnings per share</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">14,027,619</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">15,367,320</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">15,514,360</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: right; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">15,514,360</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
        </tr>
        <tr style="background-color: #cceeff; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
            <td style="padding-left: 0.125in; text-indent: -0.125in; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
            </td>
            <td style="text-align: left; font: 10pt Times New Roman, Times, Serif">
                <font style="font: 10pt Times New Roman, Times, Serif">&#160;</font>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
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<tr>
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<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>a </div>
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<div>Dec. 31, 2016 </div>
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</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AreaOfLandComprisingGolfCourse', window );">Area of land comprising golf course | a</a></td>
<td class="nump">96.1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfUnitsInRealEstateProperty', window );">Number of apartment units</a></td>
<td class="nump">8,427<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AreaOfLand', window );">Acres of land | a</a></td>
<td class="nump">3,601<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets', window );">Consolidated assets of VIE's | $</a></td>
<td class="nump">$ 483,700<span></span>
</td>
<td class="nump">$ 442,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember', window );">Related Party [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Percentage of ownership</a></td>
<td class="nump">80.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AreaOfLand', window );">Acres of land | a</a></td>
<td class="nump">66.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Percentage of ownership</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RemainingAmortizationPeriodForDeferredFinancingCosts', window );">Remaining amortization period for deferred financing costs</a></td>
<td class="text">6 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Percentage of ownership</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RemainingAmortizationPeriodForDeferredFinancingCosts', window );">Remaining amortization period for deferred financing costs</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember', window );">Buildings And Improvements [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life of fixed assets</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember', window );">Buildings And Improvements [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life of fixed assets</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember', window );">Furniture, Fixtures And Equipment [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life of fixed assets</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember', window );">Furniture, Fixtures And Equipment [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life of fixed assets</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_CommercialRealEstateMember', window );">Commercial Real Estate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of income-producing properties</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_OfficeBuildingMember', window );">Office Buildings [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of income-producing properties</a></td>
<td class="nump">5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_RetailSiteMember', window );">Retail Centers [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of income-producing properties</a></td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_ApartmentBuildingMember', window );">Apartment Buildings [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of income-producing properties</a></td>
<td class="nump">53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_ProjectsInDevelopment', window );">Projects in development</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=arl_TranscontinentialRealtyInvestorsMember', window );">Transcontinential Realty Investors [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Ownership interest</a></td>
<td class="nump">77.68%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LegalEntityAxis=arl_TranscontinentialRealtyInvestorsMember', window );">Transcontinential Realty Investors [Member] | Income Opportunity Realty Investors, Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestOwnershipPercentageByParent', window );">Ownership interest</a></td>
<td class="nump">81.25%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_AreaOfLandComprisingGolfCourse">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Information related to area of land comprising golf course.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_AreaOfLandComprisingGolfCourse</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:areaItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_ProjectsInDevelopment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of projects in development.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_ProjectsInDevelopment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RemainingAmortizationPeriodForDeferredFinancingCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The period remaining for amortization of deferred financing costs, as tied to the term of the related financing agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RemainingAmortizationPeriodForDeferredFinancingCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AreaOfLand">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area of land held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AreaOfLand</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:areaItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentOwnershipPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentOwnershipPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestOwnershipPercentageByParent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The parent entity's interest in net assets of the subsidiary, expressed as a percentage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestOwnershipPercentageByParent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetRentableArea">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net rentable area for properties owned.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetRentableArea</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:areaItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfRealEstateProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of real estate properties owned as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfRealEstateProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfUnitsInRealEstateProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of units in a real estate property owned as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfUnitsInRealEstateProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount of the consolidated Variable Interest Entity's assets included in the reporting entity's statement of financial position.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=77990344&amp;loc=d3e5710-111685<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_CommercialRealEstateMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_CommercialRealEstateMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_OfficeBuildingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_OfficeBuildingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_RetailSiteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_RetailSiteMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_ApartmentBuildingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=us-gaap_ApartmentBuildingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=arl_TranscontinentialRealtyInvestorsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=arl_TranscontinentialRealtyInvestorsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvestee1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvestee1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>52
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857986256">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>REAL ESTATE (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAbstract', window );"><strong>Real Estate [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentBuildingAndBuildingImprovements', window );">Apartments</a></td>
<td class="nump">$ 733,620<span></span>
</td>
<td class="nump">$ 694,351<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DevelopmentInProcess', window );">Apartments under construction</a></td>
<td class="nump">105,451<span></span>
</td>
<td class="nump">25,288<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RentalProperties', window );">Commercial properties</a></td>
<td class="nump">200,797<span></span>
</td>
<td class="nump">218,857<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LandAvailableForDevelopment', window );">Land held for development</a></td>
<td class="nump">77,560<span></span>
</td>
<td class="nump">79,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateHeldforsale', window );">Real estate subject to sales contract</a></td>
<td class="nump">48,234<span></span>
</td>
<td class="nump">48,919<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyAtCost', window );">Total real estate, at cost, less impairment</a></td>
<td class="nump">1,165,663<span></span>
</td>
<td class="nump">1,066,603<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Less accumulated depreciation</a></td>
<td class="num">(177,546)<span></span>
</td>
<td class="num">(165,597)<span></span>
</td>
<td class="num">$ (150,038)<span></span>
</td>
<td class="num">$ (131,777)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Total real estate</a></td>
<td class="nump">$ 988,117<span></span>
</td>
<td class="nump">$ 901,006<span></span>
</td>
<td class="nump">$ 853,507<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DevelopmentInProcess">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current amount of expenditures for a real estate project that has not yet been completed.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DevelopmentInProcess</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentBuildingAndBuildingImprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentBuildingAndBuildingImprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LandAvailableForDevelopment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of land available for development.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LandAvailableForDevelopment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.FN4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateHeldforsale">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateHeldforsale</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInvestmentPropertyAtCost">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInvestmentPropertyAtCost</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInvestmentPropertyNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInvestmentPropertyNet</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RentalProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of income producing properties held for rental.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RentalProperties</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td>instant</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832587856">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>REAL ESTATE (Details 1) - Commercial [Member]<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentFairValueDisclosure', window );">Fair value</a></td>
<td class="nump">$ 3,000<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=arl_CommercialBuildingMember', window );">Level 3 [Member]</a></td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentFairValueDisclosure', window );">Fair value</a></td>
<td class="nump">$ 3,000<span></span>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentFairValueDisclosure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66048111&amp;loc=d3e19190-110258<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentFairValueDisclosure</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=arl_CommercialBuildingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>54
<FILENAME>R43.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6827576224">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>REAL ESTATE (Details Narrative)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>a </div>
<div>Number</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2014 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of income-producing properties | Number</a></td>
<td class="nump">59<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AreaOfLand', window );">Area of land | a</a></td>
<td class="nump">3,601<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PaymentsToConstructionAndDevelopRealEstateAssets', window );">Payment for construction or predevelopment of various apartment complexes</a></td>
<td class="nump">$ 69,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInventoryCapitalizedInterestCosts', window );">Capitalized interest costs</a></td>
<td class="nump">$ 2,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfUnitsInRealEstateProperty', window );">Number of apartment units | Number</a></td>
<td class="nump">8,427<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOfRealEstate', window );">Provision on impairment of real estate assets</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 5,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Real estate carrying value</a></td>
<td class="nump">$ 1,165,662<span></span>
</td>
<td class="nump">$ 1,066,603<span></span>
</td>
<td class="nump">$ 1,003,545<span></span>
</td>
<td class="nump">$ 831,540<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember', window );">Related Party [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AreaOfLand', window );">Area of land | a</a></td>
<td class="nump">66.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember', window );">Buildings And Improvements [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember', window );">Buildings And Improvements [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember', window );">Furniture, Fixtures And Equipment [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember', window );">Furniture, Fixtures And Equipment [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">10 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandImprovementsMember', window );">Land Improvements [Member] | Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">25 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandImprovementsMember', window );">Land Improvements [Member] | Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentUsefulLife', window );">Useful life</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember', window );">Southern Properties Capital LTD [Member] | Apartment Community Acquired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of income-producing properties | Number</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireRealEstate', window );">Payment to acquire properties</a></td>
<td class="nump">$ 79,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfUnitsInRealEstateProperty', window );">Number of apartment units | Number</a></td>
<td class="nump">422<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember', window );">Southern Properties Capital LTD [Member] | Land Parcel Acquired [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NumberOfRealEstateProperties', window );">Number of income-producing properties | Number</a></td>
<td class="nump">1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireRealEstate', window );">Payment to acquire properties</a></td>
<td class="nump">$ 5,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AreaOfLand', window );">Area of land | a</a></td>
<td class="nump">36.3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PaymentsToConstructionAndDevelopRealEstateAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Payments for predevelopment and construction of real estate assets is the process of adding improvements on or to a parcel of land.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PaymentsToConstructionAndDevelopRealEstateAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AreaOfLand">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area of land held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AreaOfLand</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:areaItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ImpairmentOfRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The charge against earnings in the period to reduce the carrying amount of real property to fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84176398&amp;loc=d3e2921-110230<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ImpairmentOfRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfRealEstateProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of real estate properties owned as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfRealEstateProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NumberOfUnitsInRealEstateProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of units in a real estate property owned as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NumberOfUnitsInRealEstateProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:integerItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentUsefulLife">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentUsefulLife</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateGrossAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before accumulated depreciation, of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateGrossAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInventoryCapitalizedInterestCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInventoryCapitalizedInterestCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_BuildingAndBuildingImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandImprovementsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LandImprovementsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=arl_ApartmentCommunityAcquiredMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=arl_ApartmentCommunityAcquiredMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentByTypeAxis=arl_Land1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentByTypeAxis=arl_Land1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>55
<FILENAME>R44.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6838756048">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>NOTES AND INTEREST RECEIVABLE (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 97,775<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NonperformingNotesAndInterestReceivable', window );">Non-Performing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">30,090<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,249<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1', window );">Allowance for estimated losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(15,770)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Total notes receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">112,095<span></span>
</td>
<td class="nump">$ 126,564<span></span>
</td>
<td class="nump">$ 120,243<span></span>
</td>
<td class="nump">$ 152,645<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">127,865<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 9,952<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | H198, LLC (Las Vegas Land) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Jan. 31,  2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Las Vegas Land<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 5,907<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Leman Development, Ltd [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 1,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Unsecured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Oulan-Chikh Family Trust [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Mar. 31,  2021<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">8.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 174<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Cliffs of El Dorado)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Cliffs of El Dorado<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Echo Station) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Echo Station<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 1,481<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Inwood on the Park) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Inwood Park<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 3,639<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Kensington Park) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Kensington Park<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 3,933<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Lakeshore Villas #1) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Lakeshore Villas<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 2,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Lakeshore Villas #2) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Lakeshore Villas<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 9,101<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Limestone Canyon #1) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Limestone Canyon<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Limestone Canyon #2) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Limestone Canyon<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Limestone Ranch #1) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Limestone Ranch<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 1,953<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Limestone Ranch #2) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Limestone Ranch<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 6,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Parkside Crossing) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Parkside Crossing<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Reserve at White Rock Phase I) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Reserve at White Rock Phase I<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 2,485<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Reserve at White Rock Phase II) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Reserve at White Rock Phase II<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 2,555<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Sendero Ridge #1) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Sendero Ridge<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Sendero Ridge #2) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Sendero Ridge<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Timbers of Terrell) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Timbers of Terrell<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 1,323<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Tivoli) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Tivoli<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 7,966<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. (Trails at White Rock) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2032<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Trails at White Rock<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 3,815<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Secured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. #1 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Unified Housing Foundation, Inc. #1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Unsecured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. #2 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Unified Housing Foundation, Inc. #2<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 3,994<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Unsecured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. #3 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2018<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Unified Housing Foundation, Inc. #3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 6,407<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Unsecured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. #4 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Jun. 30,  2020<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Unified Housing Foundation, Inc. #4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 5,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Unsecured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. #5 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Dec. 31,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text">Unified Housing Foundation, Inc. #5<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Unsecured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Unified Housing Foundation, Inc. #6 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Jun. 30,  2019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty', window );">Description of property</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Unified Housing Foundation, Inc. #6<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Unsecured</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Other Related Party Notes #1 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest', window );">Description of Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Various<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,349<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Various secured interests</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Other Related Party Notes #2 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest', window );">Description of Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Various<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 465<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Various unsecured interests</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Other Non-Related Party Notes #1 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest', window );">Description of Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Various<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 3,466<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Various secured interests</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember', window );">Performing Loans [Member] | Other Non-Related Party Notes #2 [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest', window );">Description of Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Various<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Performing loans, total</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 15,252<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Various unsecured interests</p>

<p style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_NonperformingFinancingReceivableMember', window );">Nonperforming Loans [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NonperformingNotesAndInterestReceivable', window );">Non-Performing</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 30,090<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,703<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_NonperformingFinancingReceivableMember', window );">Nonperforming Loans [Member] | One Realco Corp [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Jan. 31,  2017<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NonperformingNotesAndInterestReceivable', window );">Non-Performing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1],[2]</sup></td>
<td class="nump">$ 7,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Unsecured<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_NonperformingFinancingReceivableMember', window );">Nonperforming Loans [Member] | Realty Advisors Mgmt [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate', window );">Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Dec. 31,  2016<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2.28%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NonperformingNotesAndInterestReceivable', window );">Non-Performing</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">$ 20,387<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings', window );">Description of Security</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">Unsecured<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="6"></td></tr>
<tr><td colspan="6"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">An allowance was taken for estimated losses at full value of note.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Related party notes</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to description of collateral.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DescriptionOfLoansAndLeasesReceivableCollateralForSecuredBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to description of interest rate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DescriptionOfLoansReceivableWithFixedRatesOfInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NonperformingNotesAndInterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Financing arrangement that represents a contractual right to receive money either on demand or on fixed or determinable dates that are not current in regards to payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NonperformingNotesAndInterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoanOnRealEstateFinalMaturityDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Stated maturity date of the mortgage loan receivable on real estate, in CCYY-MM-DD format.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoanOnRealEstateFinalMaturityDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total carrying amount of mortgage loans as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount of the outstanding balance due under the mortgage loan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Identifies the site (such as country, region, state, county or municipality) of the property or properties under mortgage.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateGeographicLocationOfProperty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The stated interest rate on the mortgage loan receivable or the weighted average interest rate on a group of loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of reserve for write-down of a mortgage loan on real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateWritedownOrReserveAmount1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_PerformingFinancingReceivableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_H198LLCLasVegasLandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_H198LLCLasVegasLandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_LemanDevelopmentLtdMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_LemanDevelopmentLtdMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OulanChikhFamilyTrustMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OulanChikhFamilyTrustMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncCliffsofElDoradoMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncCliffsofElDoradoMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncEchoStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncEchoStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncInwoodontheParkMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncInwoodontheParkMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncKensingtonParkMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncKensingtonParkMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncLakeshoreVillasMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncLakeshoreVillasMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncLakeshoreVillas1Member</td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncLimestoneCanyonMember</td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncLimestoneRanchMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncLimestoneRanch1Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncParksideCrossingMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseIMember</td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncReserveatWhiteRockPhaseII1Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncSenderoRidgeMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncSenderoRidge1Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncTimbersattheParkMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncTivoliMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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</table></div>
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc1Member</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc2Member">
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc2Member</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
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</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc3Member">
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc3Member</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc4Member">
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc4Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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</table></div>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc5Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc6Member">
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<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationInc6Member</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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</table></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OtherRelatedPartyNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OtherRelatedPartyNotes1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OtherRelatedPartyNotes1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OtherNonRelatedPartyNotesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OtherNonRelatedPartyNotesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OtherNonRelatedPartyNotes1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_OtherNonRelatedPartyNotes1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_NonperformingFinancingReceivableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FinancialInstrumentPerformanceStatusAxis=us-gaap_NonperformingFinancingReceivableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_LoansReceivableMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_LoansReceivable1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_LoansReceivable1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>56
<FILENAME>R45.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6840570368">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NOTES AND INTEREST RECEIVABLE (Details Narrative) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Total notes and interest receivable</a></td>
<td class="nump">$ 112,095<span></span>
</td>
<td class="nump">$ 126,564<span></span>
</td>
<td class="nump">$ 120,243<span></span>
</td>
<td class="nump">$ 152,645<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=us-gaap_SecondMortgageMember', window );">Junior Mortgage Loans [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeRelatedParty', window );">Interest income</a></td>
<td class="nump">$ 12,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PercentageOfMortgageLoansOnRealEstate', window );">Percentage on mortgage notes receivable</a></td>
<td class="nump">88.20%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=us-gaap_SecondMortgageMember', window );">Junior Mortgage Loans [Member] | Related Party [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Total notes and interest receivable</a></td>
<td class="nump">$ 118,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PercentageOfMortgageLoansOnRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a percentage on mortgage notes receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PercentageOfMortgageLoansOnRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest income earned from interest-bearing assets owed to the entity by related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total carrying amount of mortgage loans as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=us-gaap_SecondMortgageMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=us-gaap_SecondMortgageMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>57
<FILENAME>R46.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6669218592">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Details)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems', window );"><strong>Schedule of Equity Method Investments [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvesteeNameMember', window );">Gruppa Florentina LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems', window );"><strong>Schedule of Equity Method Investments [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Percentage of ownership</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Other investees.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentOwnershipPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentOwnershipPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvesteeNameMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvesteeNameMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>58
<FILENAME>R47.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6859016544">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="12">3 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Jun. 30, 2016</div></th>
<th class="th"><div>Mar. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Sep. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems', window );"><strong>Schedule of Equity Method Investments [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Real estate, net of accumulated depreciation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 988,117<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 901,006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 853,507<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 988,117<span></span>
</td>
<td class="nump">$ 901,006<span></span>
</td>
<td class="nump">$ 853,507<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">63,263<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">60,659<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">63,263<span></span>
</td>
<td class="nump">60,659<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Shareholders' equity/partners capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">112,074<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">121,877<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">112,074<span></span>
</td>
<td class="nump">121,877<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">31,005<span></span>
</td>
<td class="nump">$ 31,807<span></span>
</td>
<td class="nump">$ 31,587<span></span>
</td>
<td class="nump">$ 31,822<span></span>
</td>
<td class="nump">29,557<span></span>
</td>
<td class="nump">$ 30,067<span></span>
</td>
<td class="nump">$ 30,834<span></span>
</td>
<td class="nump">$ 29,205<span></span>
</td>
<td class="nump">28,965<span></span>
</td>
<td class="nump">$ 27,826<span></span>
</td>
<td class="nump">$ 24,241<span></span>
</td>
<td class="nump">$ 23,156<span></span>
</td>
<td class="nump">126,221<span></span>
</td>
<td class="nump">119,663<span></span>
</td>
<td class="nump">104,188<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Operating expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">28,292<span></span>
</td>
<td class="nump">26,397<span></span>
</td>
<td class="nump">26,759<span></span>
</td>
<td class="nump">27,345<span></span>
</td>
<td class="nump">26,664<span></span>
</td>
<td class="nump">26,272<span></span>
</td>
<td class="nump">26,212<span></span>
</td>
<td class="nump">25,881<span></span>
</td>
<td class="nump">30,596<span></span>
</td>
<td class="nump">25,741<span></span>
</td>
<td class="nump">20,388<span></span>
</td>
<td class="nump">21,155<span></span>
</td>
<td class="nump">108,793<span></span>
</td>
<td class="nump">105,029<span></span>
</td>
<td class="nump">97,880<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Income (loss) from continuing operations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(30,278)<span></span>
</td>
<td class="num">(21,691)<span></span>
</td>
<td class="num">(25,314)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax', window );">Income (loss) from discontinued operations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(3)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="nump">220<span></span>
</td>
<td class="nump">508<span></span>
</td>
<td class="num">(22)<span></span>
</td>
<td class="nump">190<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
<td class="nump">896<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income (loss)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(1,529)<span></span>
</td>
<td class="nump">$ 9,884<span></span>
</td>
<td class="num">$ (11,324)<span></span>
</td>
<td class="num">$ (5,907)<span></span>
</td>
<td class="nump">2,921<span></span>
</td>
<td class="num">$ (4,948)<span></span>
</td>
<td class="nump">$ 3,353<span></span>
</td>
<td class="num">$ (3,736)<span></span>
</td>
<td class="num">(1,499)<span></span>
</td>
<td class="num">$ (6,327)<span></span>
</td>
<td class="nump">$ 1,707<span></span>
</td>
<td class="nump">$ 2,832<span></span>
</td>
<td class="num">(8,876)<span></span>
</td>
<td class="num">(2,410)<span></span>
</td>
<td class="num">(3,287)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Company's proportionate share of earnings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">309<span></span>
</td>
<td class="nump">493<span></span>
</td>
<td class="nump">428<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvesteeNameMember', window );">Gruppa Florentina LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems', window );"><strong>Schedule of Equity Method Investments [Line Items]</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Real estate, net of accumulated depreciation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,587<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,641<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,899<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,587<span></span>
</td>
<td class="nump">13,641<span></span>
</td>
<td class="nump">13,899<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesReceivableGross', window );">Notes receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,724<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,561<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,457<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,724<span></span>
</td>
<td class="nump">9,561<span></span>
</td>
<td class="nump">8,457<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssets', window );">Other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">32,176<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31,135<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,834<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">32,176<span></span>
</td>
<td class="nump">31,135<span></span>
</td>
<td class="nump">30,834<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NotesPayable', window );">Notes payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(17,845)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(9,734)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(10,883)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(17,845)<span></span>
</td>
<td class="num">(9,734)<span></span>
</td>
<td class="num">(10,883)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilities', window );">Other liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(5,991)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(8,384)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7,967)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,991)<span></span>
</td>
<td class="num">(8,384)<span></span>
</td>
<td class="num">(7,967)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Shareholders' equity/partners capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">$ (23,651)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (36,219)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (34,340)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(23,651)<span></span>
</td>
<td class="num">(36,219)<span></span>
</td>
<td class="num">(34,340)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">38,747<span></span>
</td>
<td class="nump">54,264<span></span>
</td>
<td class="nump">51,650<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,279)<span></span>
</td>
<td class="num">(1,150)<span></span>
</td>
<td class="num">(1,150)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Operating expenses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(35,410)<span></span>
</td>
<td class="num">(49,856)<span></span>
</td>
<td class="num">(47,143)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpense', window );">Interest expense</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,065)<span></span>
</td>
<td class="num">(793)<span></span>
</td>
<td class="num">(805)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Income (loss) from continuing operations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">993<span></span>
</td>
<td class="nump">2,465<span></span>
</td>
<td class="nump">2,552<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income (loss)</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">993<span></span>
</td>
<td class="nump">2,465<span></span>
</td>
<td class="nump">2,552<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Company's proportionate share of earnings</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 199<span></span>
</td>
<td class="nump">$ 493<span></span>
</td>
<td class="nump">$ 510<span></span>
</td>
</tr>
<tr><td colspan="16"></td></tr>
<tr><td colspan="16"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Earnings represent continued and discontinued operations.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5C<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721675-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1012-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax</td>
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<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28555-108399<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NotesReceivableGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions and related items including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among a myriad of other features and characteristics. Excludes amounts related to receivables held-for-sale.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NotesReceivableGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInvestmentPropertyNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInvestmentPropertyNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate revenue from real estate operations during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentsLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentsLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' 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's stockholders' equity attributable to the parent excludes the amount of stockholders' 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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvesteeNameMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvesteeNameMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>59
<FILENAME>R48.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832644208">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND INVESTEES (Details Narrative)<br></strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Percentage of ownership</a></td>
<td class="nump">20.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Percentage of ownership</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Percentage of ownership</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentOwnershipPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentOwnershipPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>60
<FILENAME>R49.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6862172240">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>NOTES AND INTEREST PAYABLE (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">$ 897,499<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">3,585<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">901,084<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscount', window );">Unamortized deferred borrowing costs</a></td>
<td class="num">(19,237)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables6Member', window );">Apartments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">566,576<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">1,585<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">568,161<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_ApartmentsUnderConstructionMember', window );">Apartments Under Construction [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">78,683<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">78,683<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables1Member', window );">Commercial [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">126,955<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">622<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">127,577<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables2Member', window );">Land [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">22,888<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">203<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">23,091<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables3Member', window );">Real Estate Subject To Sales Contract [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">1,449<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">508<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">1,957<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables4Member', window );">Mezzanine Financing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">110,172<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">453<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">110,625<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables5Member', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">10,013<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">101<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">10,114<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscount', window );">Unamortized deferred borrowing costs</a></td>
<td class="num">(19,237)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_NotesPayableOtherPayablesMember', window );">Total Notes Payable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes Payable</a></td>
<td class="nump">916,736<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">3,585<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebt', window );">Total Debt</a></td>
<td class="nump">$ 920,321<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentUnamortizedDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28541-108399<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPayableCurrentAndNoncurrent">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest payable on debt, including, but not limited to, trade payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPayableCurrentAndNoncurrent</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6609719680">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>NOTES AND INTEREST PAYABLE (Details 1)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Total</a></td>
<td class="nump">$ 897,499<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=us-gaap_NotesPayableOtherPayablesMember', window );">Total Notes Payable [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths', window );">2018</a></td>
<td class="nump">86,323<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo', window );">2019</a></td>
<td class="nump">101,134<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree', window );">2020</a></td>
<td class="nump">64,255<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour', window );">2021</a></td>
<td class="nump">48,806<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive', window );">2022</a></td>
<td class="nump">11,204<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive', window );">Thereafter</a></td>
<td class="nump">605,013<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Total</a></td>
<td class="nump">$ 916,736<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermNotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermNotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=us-gaap_NotesPayableOtherPayablesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=us-gaap_NotesPayableOtherPayablesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6672562544">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>NOTES AND INTEREST PAYABLE (Details Narrative)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromConstructionLoansPayable', window );">Increase in construction loans</a></td>
<td class="nump">$ 13,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Interest payable</a></td>
<td class="nump">$ 3,585<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Interest rate</a></td>
<td class="nump">7.38%<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentMaturityDateDescription', window );">Description of maturity date</a></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Mature between 2018 and 2055.</font></p><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Notes payable</a></td>
<td class="nump">$ 78,900<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MinimumMember', window );">Minimum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Interest rate</a></td>
<td class="nump">2.50%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Interest rate</a></td>
<td class="nump">12.00%<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentMaturityDateDescription">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentMaturityDateDescription</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest payable on debt, including, but not limited to, trade payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromConstructionLoansPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from borrowings to finance the cost of construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromConstructionLoansPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MinimumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MinimumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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</div>
</body>
</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>63
<FILENAME>R52.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857968944">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>BONDS AND INTEREST PAYABLE (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscount', window );">Less; deferred issue expense, net</a></td>
<td class="num">$ (19,237)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">3,585<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NonconvertibleDebenturesMember', window );">Nonconvertible Series A Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnsecuredDebt', window );">Notes Payable</a></td>
<td class="nump">115,336<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentUnamortizedDiscount', window );">Less; deferred issue expense, net</a></td>
<td class="num">(5,916)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestPayableCurrentAndNoncurrent', window );">Accrued Interest</a></td>
<td class="nump">3,629<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_BondAndBondInterestPayable', window );">Bond and bond interest payable</a></td>
<td class="nump">$ 113,049<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_BondAndBondInterestPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value of bond and bond interest as on balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_BondAndBondInterestPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentUnamortizedDiscount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of debt discount.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28541-108399<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentUnamortizedDiscount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestPayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest payable on debt, including, but not limited to, trade payables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestPayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnsecuredDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(16))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnsecuredDebt</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832816288">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>BONDS AND INTEREST PAYABLE (Details 1)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtByMaturityAbstract', window );"><strong>Year ended December 31,</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Total</a></td>
<td class="nump">$ 897,499<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NonconvertibleDebenturesMember', window );">Nonconvertible Series A Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtByMaturityAbstract', window );"><strong>Year ended December 31,</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo', window );">2019</a></td>
<td class="nump">23,067<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree', window );">2020</a></td>
<td class="nump">23,067<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour', window );">2021</a></td>
<td class="nump">23,067<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive', window );">2022</a></td>
<td class="nump">23,067<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive', window );">Thereafter</a></td>
<td class="nump">23,068<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Total</a></td>
<td class="nump">$ 115,336<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 470<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6802200&amp;loc=d3e1835-112601<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04.(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6833133488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>BONDS PAYABLE AND INTEREST PAYABLE (Details Narrative)<br> &#8362; in Thousands, $ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="2"></th>
</tr>
<tr>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Feb. 14, 2017 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Feb. 14, 2017 </div>
<div>ILS (&#8362;)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debentures offering amount</a></td>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Interest rate</a></td>
<td class="nump">7.38%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossUnrealized', window );">Foreign currency loss - debenture transactions</a></td>
<td class="num">$ (4,500)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NonconvertibleDebenturesMember', window );">Nonconvertible Series A Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage', window );">Effective interest rate</a></td>
<td class="nump">9.17%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember', window );">Southern Properties Capital LTD [Member] | Nonconvertible Series A Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debentures offering amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 115,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.30%<span></span>
</td>
<td class="nump">7.30%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember', window );">Southern Properties Capital LTD [Member] | Nonconvertible Series A Bonds [Member] | Israel Shekel [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debentures offering amount | &#8362;</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">&#8362; 400,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateEffectivePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateEffectivePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossUnrealized">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of foreign currency transaction unrealized gain (loss) recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64836518&amp;loc=d3e30690-110894<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64836518&amp;loc=d3e30700-110894<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionGainLossUnrealized</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=arl_NonconvertibleDebenturesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=arl_NonconvertibleDebenturesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrencyAxis=currency_ILS">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrencyAxis=currency_ILS</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>66
<FILENAME>R55.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6840355328">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS AND FEES (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember', window );">Pillar Income Asset Management, Inc [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FeesAndCommissionsAbstract', window );"><strong>Fees:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedAdvisoryFees', window );">Advisory</a></td>
<td class="nump">$ 11,082<span></span>
</td>
<td class="nump">$ 10,918<span></span>
</td>
<td class="nump">$ 9,775<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageBrokerageAndEquityRefinancingRelatedParty', window );">Mortgage brokerage and equity refinancing</a></td>
<td class="nump">1,712<span></span>
</td>
<td class="nump">775<span></span>
</td>
<td class="nump">1,612<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedNetIncomeFee', window );">Net income</a></td>
<td class="nump">250<span></span>
</td>
<td class="nump">257<span></span>
</td>
<td class="nump">492<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedPropertyAcquisitionAndSales', window );">Property acquisition and sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">921<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedFeesAndCommissions', window );">Total fees</a></td>
<td class="nump">13,044<span></span>
</td>
<td class="nump">11,950<span></span>
</td>
<td class="nump">12,800<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RelatedPartyOtherExpenseAbstract', window );"><strong>Other Expense:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedCostReimbursements', window );">Cost reimbursements</a></td>
<td class="nump">3,240<span></span>
</td>
<td class="nump">3,826<span></span>
</td>
<td class="nump">3,675<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_InterestExpenseIncomeRelatedParty', window );">Interest paid (received)</a></td>
<td class="num">(1,195)<span></span>
</td>
<td class="num">(1,144)<span></span>
</td>
<td class="num">(1,234)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RelatedPartyOtherExpense', window );">Total other expense</a></td>
<td class="nump">2,045<span></span>
</td>
<td class="nump">2,682<span></span>
</td>
<td class="nump">2,441<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenue:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromRelatedParties', window );">Rental</a></td>
<td class="nump">783<span></span>
</td>
<td class="nump">708<span></span>
</td>
<td class="nump">726<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_AffiliatedEntity1Member', window );">Regis Realty Prime, LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FeesAndCommissionsAbstract', window );"><strong>Fees:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedPropertyAcquisition', window );">Property acquisition</a></td>
<td class="nump">9,128<span></span>
</td>
<td class="nump">10,775<span></span>
</td>
<td class="nump">1,932<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions', window );">Property management, construction management and leasing commissions</a></td>
<td class="nump">963<span></span>
</td>
<td class="nump">888<span></span>
</td>
<td class="nump">717<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateBrokerageFeesRelatedParty', window );">Real estate brokerage</a></td>
<td class="nump">1,369<span></span>
</td>
<td class="nump">787<span></span>
</td>
<td class="nump">1,105<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedFeesAndCommissions', window );">Total fees</a></td>
<td class="nump">$ 11,460<span></span>
</td>
<td class="nump">$ 12,450<span></span>
</td>
<td class="nump">$ 3,754<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedAdvisoryFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a due from related advisory fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedAdvisoryFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedCostReimbursements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to due from related party payment for cost of reimbursements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedCostReimbursements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedFeesAndCommissions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a due from related fees and commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedFeesAndCommissions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedNetIncomeFee">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a due from related net income fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedNetIncomeFee</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedPropertyAcquisition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a due from related property acquisition.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedPropertyAcquisition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedPropertyAcquisitionAndSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a due from related to sales fees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedPropertyAcquisitionAndSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a due from related property construction management and leasing commissions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedPropertyConstructionManagementAndLeasingCommissions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_InterestExpenseIncomeRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a interest expense income related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_InterestExpenseIncomeRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_MortgageBrokerageAndEquityRefinancingRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of mortgage brokerage and equity refinancing fees with related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_MortgageBrokerageAndEquityRefinancingRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RealEstateBrokerageFeesRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of real estate brokerage fees with related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateBrokerageFeesRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RelatedPartyOtherExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a related party &amp;amp;amp;amp;amp;amp; other expences.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RelatedPartyOtherExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RelatedPartyOtherExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RelatedPartyOtherExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FeesAndCommissionsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_FeesAndCommissionsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-07.1(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=6488393&amp;loc=d3e606610-122999<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_AffiliatedEntity1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_AffiliatedEntity1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>67
<FILENAME>R56.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857986912">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS AND FEES (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesUnclassifiedAbstract', window );"><strong>Related party receivables [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Related party receivable at beginning</a></td>
<td class="nump">$ 24,672<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AdvisoryFeeToRelatedParty', window );">Advisory fees</a></td>
<td class="num">(11,082)<span></span>
</td>
<td class="num">$ (10,918)<span></span>
</td>
<td class="num">$ (9,775)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NetIncomeFeeToRelatedParty1', window );">Net income fee</a></td>
<td class="num">(250)<span></span>
</td>
<td class="num">(257)<span></span>
</td>
<td class="num">(492)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Related party receivable at end</a></td>
<td class="nump">38,311<span></span>
</td>
<td class="nump">24,672<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember', window );">Pillar Income Asset Management, Inc [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedPartiesUnclassifiedAbstract', window );"><strong>Related party receivables [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Related party receivable at beginning</a></td>
<td class="nump">24,672<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt', window );">Cash transfers</a></td>
<td class="nump">56,635<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AdvisoryFeeToRelatedParty', window );">Advisory fees</a></td>
<td class="num">(11,082)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NetIncomeFeeToRelatedParty1', window );">Net income fee</a></td>
<td class="num">(250)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedCostReimbursements', window );">Cost reimbursements</a></td>
<td class="num">(3,240)<span></span>
</td>
<td class="num">(3,826)<span></span>
</td>
<td class="num">$ (3,675)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeRelatedParty', window );">Interest income</a></td>
<td class="nump">1,196<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OriginationOfNotesReceivableFromRelatedParties', window );">Notes receivable purchased</a></td>
<td class="num">(447)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesCommissionsAndFees', window );">Fees and commissions</a></td>
<td class="num">(3,082)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty', window );">Expenses paid by Advisor</a></td>
<td class="num">(579)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RelatedPartyFinancingMortgagePayments', window );">Financing (mortgage payments)</a></td>
<td class="num">(17,313)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RelatedPartySalesPurchasesTransactions', window );">Sales/purchases transactions</a></td>
<td class="num">(9,818)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTaxExpenseDueFromAffiliatesCurrent', window );">Tax sharing</a></td>
<td class="nump">1,619<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DueFromRelatedParties', window );">Related party receivable at end</a></td>
<td class="nump">$ 38,311<span></span>
</td>
<td class="nump">$ 24,672<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_AdvisoryFeeToRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of advisory fees to related parties during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_AdvisoryFeeToRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedCostReimbursements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to due from related party payment for cost of reimbursements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedCostReimbursements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NetIncomeFeeToRelatedParty1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income fee to related parties,during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NetIncomeFeeToRelatedParty1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RelatedPartyFinancingMortgagePayments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to due from related party payment for financing mortgage payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RelatedPartyFinancingMortgagePayments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RelatedPartySalesPurchasesTransactions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sales/purchases during the period with related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RelatedPartySalesPurchasesTransactions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.3)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(k)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DueFromRelatedPartiesUnclassifiedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DueFromRelatedPartiesUnclassifiedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest income earned from interest-bearing assets owed to the entity by related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OriginationOfNotesReceivableFromRelatedParties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for a loan, supported by a promissory note, granted to related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OriginationOfNotesReceivableFromRelatedParties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from long-term debt by a related party. Related parties, include, but are not limited to, affiliates, owners or officers and their immediate families, and pension trusts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTaxExpenseDueFromAffiliatesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of any current tax-related balances due from affiliates as of the date of each statement of financial position presented.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32809-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTaxExpenseDueFromAffiliatesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesCommissionsAndFees">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Primarily represents commissions incurred in the period based upon the sale by commissioned employees or third parties of the entity's goods or services, and fees for sales assistance or product enhancements performed by third parties (such as a distributor or value added reseller).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SalesCommissionsAndFees</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>68
<FILENAME>R57.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6859072000">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>RELATED PARTY TRANSACTIONS AND FEES (Details Narrative)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th">
<div>Mar. 30, 2018 </div>
<div>shares</div>
</th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($) </div>
<div>a</div>
</th>
<th class="th">
<div>Dec. 31, 2016 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2015 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Dec. 31, 2014 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Interest receivable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7,249<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Total notes receivable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">112,095<span></span>
</td>
<td class="nump">$ 126,564<span></span>
</td>
<td class="nump">$ 120,243<span></span>
</td>
<td class="nump">$ 152,645<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 897,499<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">Statutory tax rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AreaOfLand', window );">Area of land | a</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,601<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent Event [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">Statutory tax rate</a></td>
<td class="nump">21.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RangeAxis=us-gaap_MaximumMember', window );">Maximum [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">Statutory tax rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables4Member', window );">Mezzanine Financing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 110,172<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncMember', window );">UnifiedHousingFoundationIncMember</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Interest receivable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Total notes receivable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">102,900<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_InterestIncomeRecognizedRelatedParty', window );">Recognized interest income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_InterestIncomeOriginatedRelatedParty', window );">Originated interest income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">45,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeRelatedParty', window );">Interest income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal', window );">Proceeds from notes receivables</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember', window );">Pillar Income Asset Management, Inc [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DueFromRelatedPropertyRentalRevenue', window );">Rent received</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">700<span></span>
</td>
<td class="nump">$ 700<span></span>
</td>
<td class="nump">$ 700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeRelatedParty', window );">Interest income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,196<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember', window );">Related Party [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AreaOfLand', window );">Area of land | a</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">66.7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember', window );">Related Party [Member] | Mezzanine Financing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermNotesPayable', window );">Notes payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 60,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RAIMember', window );">RAI [Member] | Subsequent Event [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NumberOfPreferredStockConverted', window );">Number of shares of preferred stock converted | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">200,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities', window );">Number of common stock issued for conversion | shares</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">482,716<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DueFromRelatedPropertyRentalRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a due from related property rental revenue.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DueFromRelatedPropertyRentalRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_InterestIncomeOriginatedRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a interest income originated related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_InterestIncomeOriginatedRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_InterestIncomeRecognizedRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a interest income recognized related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_InterestIncomeRecognizedRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NumberOfPreferredStockConverted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of preferred stock converted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NumberOfPreferredStockConverted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AreaOfLand">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area of land held.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AreaOfLand</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:areaItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of domestic federal statutory tax rate applicable to pretax income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest income earned from interest-bearing assets owed to the entity by related party.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermNotesPayable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of notes payable (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermNotesPayable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total carrying amount of mortgage loans as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of principal collected on mortgage loans on real estate during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateCollectionsOfPrincipal</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued during the period as a result of the conversion of convertible securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21475-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RangeAxis=us-gaap_MaximumMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RangeAxis=us-gaap_MaximumMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=arl_NotesPayableOtherPayables4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=arl_UnifiedHousingFoundationIncMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_AffiliatedEntityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RelatedPartyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RAIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RAIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6857546400">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INCOME TAXES (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic', window );">Loss from continuing operations before tax</a></td>
<td class="num">$ (8,696)<span></span>
</td>
<td class="num">$ (2,363)<span></span>
</td>
<td class="num">$ (2,287)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract', window );"><strong>Current:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="num">(3,044)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CurrentStateAndLocalTaxExpenseBenefit', window );">State</a></td>
<td class="nump">10<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract', window );"><strong>Deferred and Other:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFederalIncomeTaxExpenseBenefit', window );">Federal</a></td>
<td class="nump">3,044<span></span>
</td>
<td class="num">(45)<span></span>
</td>
<td class="num">(1,000)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit', window );">State</a></td>
<td class="nump">170<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation', window );">Income tax benefit (expense)</a></td>
<td class="num">$ (180)<span></span>
</td>
<td class="num">$ (45)<span></span>
</td>
<td class="num">$ (1,000)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentFederalTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentFederalTaxExpenseBenefit</td>
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<tr>
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<td>us-gaap_</td>
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<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CurrentStateAndLocalTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CurrentStateAndLocalTaxExpenseBenefit</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredFederalIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFederalIncomeTaxExpenseBenefit</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefitContinuingOperationsAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income tax expense (benefit) for continuing operations, discontinued operations, other comprehensive income, and items charged (credited) directly to shareholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=79507043&amp;loc=d3e38679-109324<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefitIntraperiodTaxAllocation</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6840123344">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INCOME TAXES (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="12">3 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
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<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
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<th class="th"><div>Jun. 30, 2016</div></th>
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<th class="th"><div>Dec. 31, 2015</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate', window );">Income Tax Expense (Benefit) at Federal Statutory Rate</a></td>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="num">(28,663)<span></span>
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<td class="nump">873<span></span>
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<td class="nump">1,800<span></span>
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<td class="nump">$ 46<span></span>
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<td class="num">$ (180)<span></span>
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<td class="num">$ (46)<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="nump">0.70%<span></span>
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</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e32123-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations, attributable to increase (decrease) in the income tax rates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e32059-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationChangeInEnactedTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6840988416">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>INCOME TAXES (Details 2) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts', window );">Allowance for losses on Notes</a></td>
<td class="nump">$ 3,591<span></span>
</td>
<td class="nump">$ 5,963<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOther', window );">Installment Note on Land Sale</a></td>
<td class="nump">2,875<span></span>
</td>
<td class="nump">4,793<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction', window );">Deferred Gain</a></td>
<td class="nump">11,040<span></span>
</td>
<td class="nump">21,798<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards', window );">Net Operating Loss Carryforward</a></td>
<td class="nump">50,931<span></span>
</td>
<td class="nump">73,021<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGross', window );">Subtotal</a></td>
<td class="nump">68,437<span></span>
</td>
<td class="nump">105,575<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsValuationAllowance', window );">Less: Valuation Allowance</a></td>
<td class="num">(42,995)<span></span>
</td>
<td class="num">(70,849)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNet', window );">Total Net Deferred Tax Assets</a></td>
<td class="nump">25,442<span></span>
</td>
<td class="nump">34,726<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment', window );">Basis Differences for Fixed Assets</a></td>
<td class="nump">25,442<span></span>
</td>
<td class="nump">34,726<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxLiabilities', window );">Total Deferred Tax Liability</a></td>
<td class="nump">25,442<span></span>
</td>
<td class="nump">34,726<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsLiabilitiesNet', window );">Net deferred tax asset</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetCurrent', window );">Current Net Deferred Tax Asset</a></td>
<td class="nump">25,442<span></span>
</td>
<td class="nump">34,726<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesGrossNoncurrent', window );">Long-Term Net Deferred Tax Liability</a></td>
<td class="nump">$ 25,442<span></span>
</td>
<td class="nump">$ 34,726<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(15)(b)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(26)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(26)(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from a gain reported for tax purposes on sale and leaseback transactions in accordance with enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=96869850&amp;loc=d3e28680-109314<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGross">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsGross</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsLiabilitiesNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsLiabilitiesNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b),(c)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as current.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31917-109318<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31931-109318<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31928-109318<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31958-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=96869850&amp;loc=d3e28680-109314<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=96869850&amp;loc=d3e28680-109314<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the allowance for doubtful accounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=96869850&amp;loc=d3e28680-109314<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsValuationAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsValuationAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesGrossNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Gross amount of noncurrent deferred tax liabilities, which result from applying the applicable tax rate to taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=84176650&amp;loc=d3e31917-109318<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32537-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesGrossNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32632-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32621-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 25<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=96869850&amp;loc=d3e28680-109314<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxDisclosureAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6832638736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>INCOME TAXES (Details Narrative) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLossCarryforwards', window );">Net operating losses carryforwards</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 209,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">Statutory tax rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent Event [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">Statutory tax rate</a></td>
<td class="nump">21.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of domestic federal statutory tax rate applicable to pretax income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32687-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB TOPIC 6.I)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32698-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLossCarryforwards">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32559-109319<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLossCarryforwards</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>73
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<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6827498384">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>FUTURE MINIMUM RENTAL INCOME UNDER OPERATING LEASES (Details)<br> $ in Thousands</strong></div></th>
<th class="th">
<div>Dec. 31, 2017 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent', window );">2018</a></td>
<td class="nump">$ 25,042<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears', window );">2019</a></td>
<td class="nump">19,828<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears', window );">2020</a></td>
<td class="nump">15,869<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears', window );">2021</a></td>
<td class="nump">13,643<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears', window );">2022</a></td>
<td class="nump">10,634<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter', window );">Thereafter</a></td>
<td class="nump">16,686<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue', window );">Total</a></td>
<td class="nump">$ 101,702<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LeasesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LeasesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 40<br> -Subparagraph (Note 3)<br> -URI http://asc.fasb.org/extlink&amp;oid=82846649&amp;loc=d3e38371-112697<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=77902758&amp;loc=d3e41502-112717<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6866002848">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>OPERATING SEGMENTS (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="12">3 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Jun. 30, 2016</div></th>
<th class="th"><div>Mar. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Sep. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="nump">$ 31,005<span></span>
</td>
<td class="nump">$ 31,807<span></span>
</td>
<td class="nump">$ 31,587<span></span>
</td>
<td class="nump">$ 31,822<span></span>
</td>
<td class="nump">$ 29,557<span></span>
</td>
<td class="nump">$ 30,067<span></span>
</td>
<td class="nump">$ 30,834<span></span>
</td>
<td class="nump">$ 29,205<span></span>
</td>
<td class="nump">$ 28,965<span></span>
</td>
<td class="nump">$ 27,826<span></span>
</td>
<td class="nump">$ 24,241<span></span>
</td>
<td class="nump">$ 23,156<span></span>
</td>
<td class="nump">$ 126,221<span></span>
</td>
<td class="nump">$ 119,663<span></span>
</td>
<td class="nump">$ 104,188<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(64,091)<span></span>
</td>
<td class="num">(62,950)<span></span>
</td>
<td class="num">(54,002)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeOther', window );">Interest income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,941<span></span>
</td>
<td class="nump">20,453<span></span>
</td>
<td class="nump">16,674<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes', window );">Gain on sale of income producing properties</a></td>
<td class="num">(3,938)<span></span>
</td>
<td class="num">(12,760)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(11,283)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(5,168)<span></span>
</td>
<td class="nump">244<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes', window );">Gain on land sales</a></td>
<td class="nump">3,853<span></span>
</td>
<td class="nump">1,062<span></span>
</td>
<td class="num">(476)<span></span>
</td>
<td class="nump">445<span></span>
</td>
<td class="num">(805)<span></span>
</td>
<td class="nump">555<span></span>
</td>
<td class="nump">1,719<span></span>
</td>
<td class="nump">1,652<span></span>
</td>
<td class="nump">13,787<span></span>
</td>
<td class="nump">1,958<span></span>
</td>
<td class="nump">3,027<span></span>
</td>
<td class="nump">2,876<span></span>
</td>
<td class="nump">4,884<span></span>
</td>
<td class="nump">3,121<span></span>
</td>
<td class="nump">21,648<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income (loss)</a></td>
<td class="nump">2,713<span></span>
</td>
<td class="nump">$ 5,410<span></span>
</td>
<td class="nump">$ 4,828<span></span>
</td>
<td class="nump">$ 4,477<span></span>
</td>
<td class="nump">2,893<span></span>
</td>
<td class="nump">$ 3,795<span></span>
</td>
<td class="nump">$ 4,622<span></span>
</td>
<td class="nump">$ 3,324<span></span>
</td>
<td class="num">(1,631)<span></span>
</td>
<td class="nump">$ 2,085<span></span>
</td>
<td class="nump">$ 3,853<span></span>
</td>
<td class="nump">$ 2,001<span></span>
</td>
<td class="nump">17,428<span></span>
</td>
<td class="nump">14,634<span></span>
</td>
<td class="nump">6,308<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Assets</a></td>
<td class="nump">988,117<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">901,006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">853,507<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">988,117<span></span>
</td>
<td class="nump">901,006<span></span>
</td>
<td class="nump">853,507<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PropertySalesAbstract', window );"><strong>Property Sales</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfProperties', window );">Gain on sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,698<span></span>
</td>
<td class="nump">16,207<span></span>
</td>
<td class="nump">735<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=arl_CommercialSegmentsMember', window );">Commercial Properties [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">33,286<span></span>
</td>
<td class="nump">33,026<span></span>
</td>
<td class="nump">30,540<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(18,549)<span></span>
</td>
<td class="num">(20,398)<span></span>
</td>
<td class="num">(17,761)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(9,358)<span></span>
</td>
<td class="num">(9,099)<span></span>
</td>
<td class="num">(8,993)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageAndLoanInterestIncludingCharges', window );">Mortgage and loan interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7,527)<span></span>
</td>
<td class="num">(7,191)<span></span>
</td>
<td class="num">(6,919)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes', window );">Gain on sale of income producing properties</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,391<span></span>
</td>
<td class="num">(238)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">243<span></span>
</td>
<td class="num">(3,900)<span></span>
</td>
<td class="num">(3,133)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,817)<span></span>
</td>
<td class="nump">5,008<span></span>
</td>
<td class="nump">8,133<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Assets</a></td>
<td class="nump">137,157<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">150,838<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">155,147<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">137,157<span></span>
</td>
<td class="nump">150,838<span></span>
</td>
<td class="nump">155,147<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PropertySalesAbstract', window );"><strong>Property Sales</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateSalesPrice', window );">Sales price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,050<span></span>
</td>
<td class="nump">1,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateCostOfSales', window );">Cost of sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2,659)<span></span>
</td>
<td class="num">(1,738)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfProperties', window );">Gain on sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,391<span></span>
</td>
<td class="num">(238)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=arl_ApartmentsSegmentsMember', window );">Apartments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">92,807<span></span>
</td>
<td class="nump">86,603<span></span>
</td>
<td class="nump">73,543<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(43,677)<span></span>
</td>
<td class="num">(40,786)<span></span>
</td>
<td class="num">(34,955)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(16,354)<span></span>
</td>
<td class="num">(14,759)<span></span>
</td>
<td class="num">(12,498)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageAndLoanInterestIncludingCharges', window );">Mortgage and loan interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(22,347)<span></span>
</td>
<td class="num">(25,381)<span></span>
</td>
<td class="num">(23,699)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes', window );">Gain on sale of income producing properties</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,760<span></span>
</td>
<td class="nump">16,445<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,189<span></span>
</td>
<td class="nump">22,122<span></span>
</td>
<td class="nump">2,391<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,402<span></span>
</td>
<td class="nump">864<span></span>
</td>
<td class="nump">506<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Assets</a></td>
<td class="nump">727,508<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">622,061<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">551,415<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">727,508<span></span>
</td>
<td class="nump">622,061<span></span>
</td>
<td class="nump">551,415<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PropertySalesAbstract', window );"><strong>Property Sales</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateSalesPrice', window );">Sales price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20,350<span></span>
</td>
<td class="nump">11,129<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateCostOfSales', window );">Cost of sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,905)<span></span>
</td>
<td class="num">(10,394)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateRecognizedPriorDeferredGain', window );">Recognized prior deferred gain</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfProperties', window );">Gain on sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,760<span></span>
</td>
<td class="nump">16,445<span></span>
</td>
<td class="nump">735<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=arl_LandSegmentsMember', window );">Land [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">111<span></span>
</td>
<td class="nump">30<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(875)<span></span>
</td>
<td class="num">(1,745)<span></span>
</td>
<td class="num">(1,029)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageAndLoanInterestIncludingCharges', window );">Mortgage and loan interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,945)<span></span>
</td>
<td class="num">(2,232)<span></span>
</td>
<td class="num">(4,694)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes', window );">Gain on sale of income producing properties</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,547<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes', window );">Gain on land sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,884<span></span>
</td>
<td class="nump">3,121<span></span>
</td>
<td class="nump">21,648<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,722<span></span>
</td>
<td class="num">(826)<span></span>
</td>
<td class="nump">15,925<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">609<span></span>
</td>
<td class="nump">268<span></span>
</td>
<td class="nump">2,621<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Assets</a></td>
<td class="nump">127,554<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">128,107<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">146,945<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">127,554<span></span>
</td>
<td class="nump">128,107<span></span>
</td>
<td class="nump">146,945<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PropertySalesAbstract', window );"><strong>Property Sales</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateSalesPrice', window );">Sales price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">29,969<span></span>
</td>
<td class="nump">29,128<span></span>
</td>
<td class="nump">107,298<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateCostOfSales', window );">Cost of sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(23,538)<span></span>
</td>
<td class="num">(26,007)<span></span>
</td>
<td class="num">(88,387)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateRecognizedPriorDeferredGain', window );">Recognized prior deferred gain</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,737<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfProperties', window );">Gain on sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,431<span></span>
</td>
<td class="nump">3,121<span></span>
</td>
<td class="nump">21,648<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=us-gaap_AllOtherSegmentsMember', window );">Other [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16<span></span>
</td>
<td class="nump">4<span></span>
</td>
<td class="nump">105<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(987)<span></span>
</td>
<td class="num">(21)<span></span>
</td>
<td class="num">(257)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">33<span></span>
</td>
<td class="nump">73<span></span>
</td>
<td class="nump">73<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageAndLoanInterestIncludingCharges', window );">Mortgage and loan interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(34,354)<span></span>
</td>
<td class="num">(24,558)<span></span>
</td>
<td class="num">(17,165)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeOther', window );">Interest income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,941<span></span>
</td>
<td class="nump">20,453<span></span>
</td>
<td class="nump">16,674<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(16,351)<span></span>
</td>
<td class="num">(4,049)<span></span>
</td>
<td class="num">(570)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PropertySalesAbstract', window );"><strong>Property Sales</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfProperties', window );">Gain on sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=arl_SegmentsMember', window );">Total Segments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingInformationLineItems', window );"><strong>Segment Reporting Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">126,220<span></span>
</td>
<td class="nump">119,663<span></span>
</td>
<td class="nump">104,188<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment', window );">Operating expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(64,088)<span></span>
</td>
<td class="num">(62,950)<span></span>
</td>
<td class="num">(54,002)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(25,679)<span></span>
</td>
<td class="num">(23,785)<span></span>
</td>
<td class="num">(21,418)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageAndLoanInterestIncludingCharges', window );">Mortgage and loan interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(66,173)<span></span>
</td>
<td class="num">(59,362)<span></span>
</td>
<td class="num">(52,477)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeOther', window );">Interest income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,941<span></span>
</td>
<td class="nump">20,453<span></span>
</td>
<td class="nump">16,674<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes', window );">Gain on sale of income producing properties</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,698<span></span>
</td>
<td class="nump">16,207<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes', window );">Gain on land sales</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,884<span></span>
</td>
<td class="nump">3,121<span></span>
</td>
<td class="nump">21,648<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,803<span></span>
</td>
<td class="nump">13,347<span></span>
</td>
<td class="nump">14,613<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_CapitalExpenditures', window );">Capital expenditures</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,806)<span></span>
</td>
<td class="nump">6,140<span></span>
</td>
<td class="nump">11,260<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Assets</a></td>
<td class="nump">$ 992,219<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 901,006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 853,507<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">992,219<span></span>
</td>
<td class="nump">901,006<span></span>
</td>
<td class="nump">853,507<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PropertySalesAbstract', window );"><strong>Property Sales</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateSalesPrice', window );">Sales price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">35,019<span></span>
</td>
<td class="nump">50,978<span></span>
</td>
<td class="nump">118,427<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateCostOfSales', window );">Cost of sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(26,197)<span></span>
</td>
<td class="num">(31,650)<span></span>
</td>
<td class="num">(98,781)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateRecognizedPriorDeferredGain', window );">Recognized prior deferred gain</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,737<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfProperties', window );">Gain on sale</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 21,582<span></span>
</td>
<td class="nump">$ 19,328<span></span>
</td>
<td class="nump">$ 22,383<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_CapitalExpenditures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to capital expenditures as on date</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_CapitalExpenditures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_MortgageAndLoanInterestIncludingCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the cost of borrowed funds accounted for as interest expense for debt including loan charges and prepayment penalities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_MortgageAndLoanInterestIncludingCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PropertySalesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PropertySalesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RealEstateCostOfSales">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cost of sales of real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateCostOfSales</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RealEstateRecognizedPriorDeferredGain">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The recognized amount of prior deferred gain of sales of real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateRecognizedPriorDeferredGain</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RealEstateSalesPrice">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The selling of price of real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateSalesPrice</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DepreciationAndAmortization</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of expense incurred and directly related to generating revenue from leased and rented property or equipment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfProperties">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfProperties</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the applicable amount of income taxes or benefit realized on the gain (loss) on sale of properties during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 974<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-15.(a)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=6875705&amp;loc=d3e641549-123027<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of gain (loss) on sale of properties during the reporting period gross of the applicable income taxes realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 974<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-15.(a)(1)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6875705&amp;loc=d3e641549-123027<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest income earned from interest bearing assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInvestmentPropertyNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInvestmentPropertyNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateRevenueNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate revenue from real estate operations during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateRevenueNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=arl_CommercialSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=arl_CommercialSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=arl_ApartmentsSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=arl_ApartmentsSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=arl_LandSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=arl_LandSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=us-gaap_AllOtherSegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=us-gaap_AllOtherSegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=arl_SegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=arl_SegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6838806032">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>OPERATING SEGMENTS (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="12">3 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Jun. 30, 2016</div></th>
<th class="th"><div>Mar. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Sep. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Segment operating income (loss)</a></td>
<td class="nump">$ 2,713<span></span>
</td>
<td class="nump">$ 5,410<span></span>
</td>
<td class="nump">$ 4,828<span></span>
</td>
<td class="nump">$ 4,477<span></span>
</td>
<td class="nump">$ 2,893<span></span>
</td>
<td class="nump">$ 3,795<span></span>
</td>
<td class="nump">$ 4,622<span></span>
</td>
<td class="nump">$ 3,324<span></span>
</td>
<td class="num">$ (1,631)<span></span>
</td>
<td class="nump">$ 2,085<span></span>
</td>
<td class="nump">$ 3,853<span></span>
</td>
<td class="nump">$ 2,001<span></span>
</td>
<td class="nump">$ 17,428<span></span>
</td>
<td class="nump">$ 14,634<span></span>
</td>
<td class="nump">$ 6,308<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_OtherNonSegmentItemsOfIncomeExpenseAbstract', window );"><strong>Other non-segment items of income (expense)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7,691)<span></span>
</td>
<td class="num">(7,119)<span></span>
</td>
<td class="num">(6,893)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentCharges', window );">Provision on impairment of notes receivable and real estate assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(558)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(5,300)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NetIncomeFeeToRelatedParty1', window );">Net income fee to related party</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(250)<span></span>
</td>
<td class="num">(257)<span></span>
</td>
<td class="num">(492)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AdvisoryFeeToRelatedParty', window );">Advisory fee to related party</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,082)<span></span>
</td>
<td class="num">(10,918)<span></span>
</td>
<td class="num">(9,775)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,082<span></span>
</td>
<td class="nump">2,091<span></span>
</td>
<td class="nump">4,106<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Earnings from unconsolidated joint ventures and investees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">309<span></span>
</td>
<td class="nump">493<span></span>
</td>
<td class="nump">428<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationSettlementAmountAwardedFromOtherParty', window );">Litigation settlement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">352<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax benefit (expense)</a></td>
<td class="nump">180<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">46<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">882<span></span>
</td>
<td class="num">(274)<span></span>
</td>
<td class="nump">12<span></span>
</td>
<td class="num">(103)<span></span>
</td>
<td class="num">(180)<span></span>
</td>
<td class="num">(46)<span></span>
</td>
<td class="num">(517)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest', window );">Gain (loss) from continuing operations</a></td>
<td class="num">$ (1,529)<span></span>
</td>
<td class="nump">$ 9,884<span></span>
</td>
<td class="num">$ (11,324)<span></span>
</td>
<td class="num">$ (5,907)<span></span>
</td>
<td class="nump">$ 2,924<span></span>
</td>
<td class="num">$ (4,948)<span></span>
</td>
<td class="nump">$ 3,353<span></span>
</td>
<td class="num">$ (3,738)<span></span>
</td>
<td class="num">$ (1,719)<span></span>
</td>
<td class="num">$ (6,835)<span></span>
</td>
<td class="nump">$ 1,729<span></span>
</td>
<td class="nump">$ 2,642<span></span>
</td>
<td class="num">(8,876)<span></span>
</td>
<td class="num">(2,409)<span></span>
</td>
<td class="num">(4,183)<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementBusinessSegmentsAxis=arl_SegmentsMember', window );">Total Segments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Segment operating income (loss)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,803<span></span>
</td>
<td class="nump">13,347<span></span>
</td>
<td class="nump">14,613<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_OtherNonSegmentItemsOfIncomeExpenseAbstract', window );"><strong>Other non-segment items of income (expense)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7,691)<span></span>
</td>
<td class="num">(7,119)<span></span>
</td>
<td class="num">(6,893)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetImpairmentCharges', window );">Provision on impairment of notes receivable and real estate assets</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,300)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NetIncomeFeeToRelatedParty1', window );">Net income fee to related party</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(250)<span></span>
</td>
<td class="num">(257)<span></span>
</td>
<td class="num">(492)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AdvisoryFeeToRelatedParty', window );">Advisory fee to related party</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(11,082)<span></span>
</td>
<td class="num">(10,918)<span></span>
</td>
<td class="num">(9,775)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncome', window );">Other income</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(454)<span></span>
</td>
<td class="nump">2,091<span></span>
</td>
<td class="nump">4,106<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossOnSaleOfInvestments', window );">Loss on sale of investments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(331)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Earnings from unconsolidated joint ventures and investees</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">309<span></span>
</td>
<td class="nump">493<span></span>
</td>
<td class="nump">428<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationSettlementAmountAwardedFromOtherParty', window );">Litigation settlement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(352)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax benefit (expense)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(67)<span></span>
</td>
<td class="num">(46)<span></span>
</td>
<td class="num">(517)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest', window );">Gain (loss) from continuing operations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">$ (8,763)<span></span>
</td>
<td class="num">$ (2,409)<span></span>
</td>
<td class="num">$ (4,183)<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_AdvisoryFeeToRelatedParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of advisory fees to related parties during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_AdvisoryFeeToRelatedParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NetIncomeFeeToRelatedParty1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income fee to related parties,during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NetIncomeFeeToRelatedParty1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_OtherNonSegmentItemsOfIncomeExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_OtherNonSegmentItemsOfIncomeExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetImpairmentCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=68055307&amp;loc=d3e2420-110228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetImpairmentCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=98514028&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LitigationSettlementAmountAwardedFromOtherParty">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount awarded from other party in judgment or settlement of litigation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LitigationSettlementAmountAwardedFromOtherParty</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossOnSaleOfInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossOnSaleOfInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue and income classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementBusinessSegmentsAxis=arl_SegmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementBusinessSegmentsAxis=arl_SegmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>76
<FILENAME>R65.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6840983024">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>OPERATING SEGMENTS (Details 2) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Reporting [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateInvestmentPropertyNet', window );">Segment assets</a></td>
<td class="nump">$ 988,117<span></span>
</td>
<td class="nump">$ 901,006<span></span>
</td>
<td class="nump">$ 853,507<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures', window );">Investments in unconsolidated subsidiaries and investees</a></td>
<td class="nump">6,396<span></span>
</td>
<td class="nump">6,087<span></span>
</td>
<td class="nump">8,365<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Notes and interest receivable</a></td>
<td class="nump">112,095<span></span>
</td>
<td class="nump">126,564<span></span>
</td>
<td class="nump">120,243<span></span>
</td>
<td class="nump">$ 152,645<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_OtherAssetsAndReceivables', window );">Other assets and receivables</a></td>
<td class="nump">190,112<span></span>
</td>
<td class="nump">141,252<span></span>
</td>
<td class="nump">135,253<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">$ 1,296,720<span></span>
</td>
<td class="nump">$ 1,174,909<span></span>
</td>
<td class="nump">$ 1,117,368<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_OtherAssetsAndReceivables">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of assets and receivables classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_OtherAssetsAndReceivables</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total carrying amount of mortgage loans as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateInvestmentPropertyNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.1(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateInvestmentPropertyNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SegmentReportingAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SegmentReportingAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>77
<FILENAME>R66.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
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</head>
<body>
<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6842256000">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>DISCONTINUED OPERATIONS (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DisposalGroupIncludingDiscontinuedOperationRevenueAbstract', window );"><strong>Revenues:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome', window );">Rental and other property revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 355<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue', window );">Revenues</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">355<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DisposalGroupIncludingDiscontinuedOperationAbstract', window );"><strong>Expenses:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense', window );">Property operating expenses</a></td>
<td class="nump">$ 2<span></span>
</td>
<td class="num">(345)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense', window );">General and administrative</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">99<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense', window );">Total operating expenses</a></td>
<td class="nump">2<span></span>
</td>
<td class="num">(246)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeExpenseAbstract', window );"><strong>Other income (expense):</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense', window );">Other income (expense)</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">45<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense', window );">Mortgage and loan interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss', window );">Total other expenses</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">43<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax', window );">Loss from discontinued operations before gain on sale of real estate and taxes</a></td>
<td class="num">(2)<span></span>
</td>
<td class="nump">644<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax', window );">Gain on sale of real estate from discontinued operations</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">735<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation', window );">Income tax benefit (expense)</a></td>
<td class="nump">1<span></span>
</td>
<td class="num">(483)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity', window );">Income (loss) from discontinued operations</a></td>
<td class="num">$ (1)<span></span>
</td>
<td class="nump">$ 896<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DisposalGroupIncludingDiscontinuedOperationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DisposalGroupIncludingDiscontinuedOperationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeExpenseAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeExpenseAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other income (expense) attributable to disposal group, including, but not limited to, discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DisposalGroupIncludingDiscontinuedOperationRevenueAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DisposalGroupIncludingDiscontinuedOperationRevenueAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of property operating expense attributable to disposal group, including, but not limited to, discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DisposalGroupIncludingDiscontinuedPropertyOperationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of gain (loss) not previously recognized resulting from the disposal of a discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of income (loss) from operations classified as a discontinued operation. Excludes gain (loss) on disposal and provision for gain (loss) until its disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32672-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=79507043&amp;loc=d3e38679-109324<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5C<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721675-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1012-107759<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of general and administrative expense attributable to disposal group, including, but not limited to, discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of interest expense attributable to disposal group, including, but not limited to, discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section S99<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=26872618&amp;loc=d3e7436-122677<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1063-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1060-107759<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating expense attributable to disposal group, including, but not limited to, discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating income (loss) attributable to disposal group, including, but not limited to, discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of rental income attributable to disposal group, including, but not limited to, discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationRentalIncome</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue attributable to disposal group, including, but not limited to, discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5C<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721675-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1012-107759<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721673-107760<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6841471360">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>QUARTERLY RESULTS OF OPERATIONS (Details) - USD ($)<br> $ / shares in Units, $ in Thousands</strong></div></th>
<th class="th" colspan="12">3 Months Ended</th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Sep. 30, 2017</div></th>
<th class="th"><div>Jun. 30, 2017</div></th>
<th class="th"><div>Mar. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Sep. 30, 2016</div></th>
<th class="th"><div>Jun. 30, 2016</div></th>
<th class="th"><div>Mar. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Sep. 30, 2015</div></th>
<th class="th"><div>Jun. 30, 2015</div></th>
<th class="th"><div>Mar. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_QuarterlyFinancialInformationDisclosureAbstract', window );"><strong>Quarterly Financial Information Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateRevenueNet', window );">Total operating revenues</a></td>
<td class="nump">$ 31,005<span></span>
</td>
<td class="nump">$ 31,807<span></span>
</td>
<td class="nump">$ 31,587<span></span>
</td>
<td class="nump">$ 31,822<span></span>
</td>
<td class="nump">$ 29,557<span></span>
</td>
<td class="nump">$ 30,067<span></span>
</td>
<td class="nump">$ 30,834<span></span>
</td>
<td class="nump">$ 29,205<span></span>
</td>
<td class="nump">$ 28,965<span></span>
</td>
<td class="nump">$ 27,826<span></span>
</td>
<td class="nump">$ 24,241<span></span>
</td>
<td class="nump">$ 23,156<span></span>
</td>
<td class="nump">$ 126,221<span></span>
</td>
<td class="nump">$ 119,663<span></span>
</td>
<td class="nump">$ 104,188<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
<td class="nump">28,292<span></span>
</td>
<td class="nump">26,397<span></span>
</td>
<td class="nump">26,759<span></span>
</td>
<td class="nump">27,345<span></span>
</td>
<td class="nump">26,664<span></span>
</td>
<td class="nump">26,272<span></span>
</td>
<td class="nump">26,212<span></span>
</td>
<td class="nump">25,881<span></span>
</td>
<td class="nump">30,596<span></span>
</td>
<td class="nump">25,741<span></span>
</td>
<td class="nump">20,388<span></span>
</td>
<td class="nump">21,155<span></span>
</td>
<td class="nump">108,793<span></span>
</td>
<td class="nump">105,029<span></span>
</td>
<td class="nump">97,880<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
<td class="nump">2,713<span></span>
</td>
<td class="nump">5,410<span></span>
</td>
<td class="nump">4,828<span></span>
</td>
<td class="nump">4,477<span></span>
</td>
<td class="nump">2,893<span></span>
</td>
<td class="nump">3,795<span></span>
</td>
<td class="nump">4,622<span></span>
</td>
<td class="nump">3,324<span></span>
</td>
<td class="num">(1,631)<span></span>
</td>
<td class="nump">2,085<span></span>
</td>
<td class="nump">3,853<span></span>
</td>
<td class="nump">2,001<span></span>
</td>
<td class="nump">17,428<span></span>
</td>
<td class="nump">14,634<span></span>
</td>
<td class="nump">6,308<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpense', window );">Other expense</a></td>
<td class="num">(11,853)<span></span>
</td>
<td class="num">(9,348)<span></span>
</td>
<td class="num">(15,676)<span></span>
</td>
<td class="num">(10,829)<span></span>
</td>
<td class="num">(10,447)<span></span>
</td>
<td class="num">(9,252)<span></span>
</td>
<td class="num">(8,156)<span></span>
</td>
<td class="num">(8,470)<span></span>
</td>
<td class="num">(12,993)<span></span>
</td>
<td class="num">(11,152)<span></span>
</td>
<td class="num">(5,139)<span></span>
</td>
<td class="num">(2,338)<span></span>
</td>
<td class="num">(47,706)<span></span>
</td>
<td class="num">(36,325)<span></span>
</td>
<td class="num">(31,622)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Loss before gain on sales, non-contolling interest, and taxes</a></td>
<td class="num">(9,140)<span></span>
</td>
<td class="num">(3,938)<span></span>
</td>
<td class="num">(10,848)<span></span>
</td>
<td class="num">(6,352)<span></span>
</td>
<td class="num">(7,554)<span></span>
</td>
<td class="num">(5,457)<span></span>
</td>
<td class="num">(3,534)<span></span>
</td>
<td class="num">(5,146)<span></span>
</td>
<td class="num">(14,624)<span></span>
</td>
<td class="num">(9,067)<span></span>
</td>
<td class="num">(1,286)<span></span>
</td>
<td class="num">(337)<span></span>
</td>
<td class="num">(8,696)<span></span>
</td>
<td class="num">(2,363)<span></span>
</td>
<td class="num">(3,666)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes', window );">Gain (loss) on sale of income producing properties</a></td>
<td class="nump">3,938<span></span>
</td>
<td class="nump">12,760<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">11,283<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">5,168<span></span>
</td>
<td class="num">(244)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes', window );">Gain (loss) on land sales</a></td>
<td class="nump">3,853<span></span>
</td>
<td class="nump">1,062<span></span>
</td>
<td class="num">(476)<span></span>
</td>
<td class="nump">445<span></span>
</td>
<td class="num">(805)<span></span>
</td>
<td class="nump">555<span></span>
</td>
<td class="nump">1,719<span></span>
</td>
<td class="nump">1,652<span></span>
</td>
<td class="nump">13,787<span></span>
</td>
<td class="nump">1,958<span></span>
</td>
<td class="nump">3,027<span></span>
</td>
<td class="nump">2,876<span></span>
</td>
<td class="nump">4,884<span></span>
</td>
<td class="nump">3,121<span></span>
</td>
<td class="nump">21,648<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax benefit (expense)</a></td>
<td class="num">(180)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(46)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(882)<span></span>
</td>
<td class="nump">274<span></span>
</td>
<td class="num">(12)<span></span>
</td>
<td class="nump">103<span></span>
</td>
<td class="nump">180<span></span>
</td>
<td class="nump">46<span></span>
</td>
<td class="nump">517<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest', window );">Net income (loss) from continued operations</a></td>
<td class="num">(1,529)<span></span>
</td>
<td class="nump">9,884<span></span>
</td>
<td class="num">(11,324)<span></span>
</td>
<td class="num">(5,907)<span></span>
</td>
<td class="nump">2,924<span></span>
</td>
<td class="num">(4,948)<span></span>
</td>
<td class="nump">3,353<span></span>
</td>
<td class="num">(3,738)<span></span>
</td>
<td class="num">(1,719)<span></span>
</td>
<td class="num">(6,835)<span></span>
</td>
<td class="nump">1,729<span></span>
</td>
<td class="nump">2,642<span></span>
</td>
<td class="num">(8,876)<span></span>
</td>
<td class="num">(2,409)<span></span>
</td>
<td class="num">(4,183)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax', window );">Net loss from discontinued operations</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(3)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="nump">220<span></span>
</td>
<td class="nump">508<span></span>
</td>
<td class="num">(22)<span></span>
</td>
<td class="nump">190<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1)<span></span>
</td>
<td class="nump">896<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income (loss)</a></td>
<td class="num">(1,529)<span></span>
</td>
<td class="nump">9,884<span></span>
</td>
<td class="num">(11,324)<span></span>
</td>
<td class="num">(5,907)<span></span>
</td>
<td class="nump">2,921<span></span>
</td>
<td class="num">(4,948)<span></span>
</td>
<td class="nump">3,353<span></span>
</td>
<td class="num">(3,736)<span></span>
</td>
<td class="num">(1,499)<span></span>
</td>
<td class="num">(6,327)<span></span>
</td>
<td class="nump">1,707<span></span>
</td>
<td class="nump">2,832<span></span>
</td>
<td class="num">(8,876)<span></span>
</td>
<td class="num">(2,410)<span></span>
</td>
<td class="num">(3,287)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossAttributableToNoncontrollingInterest', window );">Less: net (income) loss attributable to non-controlling interest</a></td>
<td class="nump">339<span></span>
</td>
<td class="num">(522)<span></span>
</td>
<td class="nump">435<span></span>
</td>
<td class="nump">193<span></span>
</td>
<td class="num">(1,182)<span></span>
</td>
<td class="nump">1,194<span></span>
</td>
<td class="num">(864)<span></span>
</td>
<td class="nump">530<span></span>
</td>
<td class="nump">195<span></span>
</td>
<td class="nump">1,164<span></span>
</td>
<td class="num">(540)<span></span>
</td>
<td class="nump">508<span></span>
</td>
<td class="num">(445)<span></span>
</td>
<td class="nump">322<span></span>
</td>
<td class="num">(1,327)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockDividendsIncomeStatementImpact', window );">Preferred dividend requirement</a></td>
<td class="num">(280)<span></span>
</td>
<td class="num">(275)<span></span>
</td>
<td class="num">(275)<span></span>
</td>
<td class="num">(275)<span></span>
</td>
<td class="num">(276)<span></span>
</td>
<td class="num">(275)<span></span>
</td>
<td class="num">(53)<span></span>
</td>
<td class="num">(497)<span></span>
</td>
<td class="num">(276)<span></span>
</td>
<td class="num">(275)<span></span>
</td>
<td class="num">(275)<span></span>
</td>
<td class="num">(390)<span></span>
</td>
<td class="num">(1,105)<span></span>
</td>
<td class="num">(1,101)<span></span>
</td>
<td class="num">(1,216)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net income (loss) applicable to common shares</a></td>
<td class="num">$ (1,470)<span></span>
</td>
<td class="nump">$ 9,087<span></span>
</td>
<td class="num">$ (11,164)<span></span>
</td>
<td class="num">$ (5,989)<span></span>
</td>
<td class="nump">$ 1,463<span></span>
</td>
<td class="num">$ (4,029)<span></span>
</td>
<td class="nump">$ 2,436<span></span>
</td>
<td class="num">$ (3,703)<span></span>
</td>
<td class="num">$ (1,580)<span></span>
</td>
<td class="num">$ (5,438)<span></span>
</td>
<td class="nump">$ 892<span></span>
</td>
<td class="nump">$ 2,950<span></span>
</td>
<td class="num">$ (9,536)<span></span>
</td>
<td class="num">$ (3,833)<span></span>
</td>
<td class="num">$ (3,176)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAbstract', window );"><strong>Earnings per share - basic</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare', window );">Loss from continued operations</a></td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="nump">$ 0.59<span></span>
</td>
<td class="num">$ (0.72)<span></span>
</td>
<td class="num">$ (0.39)<span></span>
</td>
<td class="nump">$ 0.09<span></span>
</td>
<td class="num">$ (0.26)<span></span>
</td>
<td class="nump">$ 0.16<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
<td class="num">$ (0.12)<span></span>
</td>
<td class="num">$ (0.38)<span></span>
</td>
<td class="nump">$ 0.06<span></span>
</td>
<td class="nump">$ 0.2<span></span>
</td>
<td class="num">$ (0.61)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
<td class="num">$ (0.27)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare', window );">Income from discontinued operations</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">0.01<span></span>
</td>
<td class="nump">0.03<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.06<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Net income (loss) applicable to common shares</a></td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="nump">$ 0.59<span></span>
</td>
<td class="num">$ (0.72)<span></span>
</td>
<td class="num">$ (0.39)<span></span>
</td>
<td class="nump">$ 0.09<span></span>
</td>
<td class="num">$ (0.26)<span></span>
</td>
<td class="nump">$ 0.16<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
<td class="num">$ (0.11)<span></span>
</td>
<td class="num">$ (0.35)<span></span>
</td>
<td class="nump">$ 0.06<span></span>
</td>
<td class="nump">$ 0.21<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesIssuedBasic', window );">Weighted average common shares used in computing earnings per share</a></td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,367,320<span></span>
</td>
<td class="nump">14,027,619<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,111,107<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDilutedAbstract', window );"><strong>Earnings per share - diluted</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare', window );">Loss from continued operations</a></td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="nump">$ 0.59<span></span>
</td>
<td class="num">$ (0.72)<span></span>
</td>
<td class="num">$ (0.39)<span></span>
</td>
<td class="nump">$ 0.09<span></span>
</td>
<td class="num">$ (0.26)<span></span>
</td>
<td class="nump">$ 0.16<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
<td class="num">$ (0.12)<span></span>
</td>
<td class="num">$ (0.38)<span></span>
</td>
<td class="nump">$ 0.05<span></span>
</td>
<td class="nump">$ 0.16<span></span>
</td>
<td class="num">$ (0.61)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
<td class="num">$ (0.27)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare', window );">Income from discontinued operations</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">0.01<span></span>
</td>
<td class="nump">0.03<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">0.01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">0.06<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Net income (loss) applicable to common shares</a></td>
<td class="num">$ (0.09)<span></span>
</td>
<td class="nump">$ 0.59<span></span>
</td>
<td class="num">$ (0.72)<span></span>
</td>
<td class="num">$ (0.39)<span></span>
</td>
<td class="nump">$ 0.09<span></span>
</td>
<td class="num">$ (0.26)<span></span>
</td>
<td class="nump">$ 0.16<span></span>
</td>
<td class="num">$ (0.24)<span></span>
</td>
<td class="num">$ (0.11)<span></span>
</td>
<td class="num">$ (0.35)<span></span>
</td>
<td class="nump">$ 0.05<span></span>
</td>
<td class="nump">$ 0.17<span></span>
</td>
<td class="num">$ (0.61)<span></span>
</td>
<td class="num">$ (0.25)<span></span>
</td>
<td class="num">$ (0.21)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Weighted average common shares used in computing diluted earnings per share</a></td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">17,844,339<span></span>
</td>
<td class="nump">17,426,707<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,514,360<span></span>
</td>
<td class="nump">15,111,107<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=96948231&amp;loc=d3e4984-109258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasicAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDilutedAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDilutedAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the applicable amount of income taxes or benefit realized on the gain (loss) on sale of properties during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 974<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-15.(a)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=6875705&amp;loc=d3e641549-123027<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfPropertiesApplicableIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of gain (loss) on sale of properties during the reporting period gross of the applicable income taxes realized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 974<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-15.(a)(1)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=6875705&amp;loc=d3e641549-123027<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before tax, of income (loss) attributable to noncontrolling interest. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.19)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerBasicShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20187-122688<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerBasicShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20187-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1252-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 5C<br> -Subparagraph (b)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=SL51721675-107760<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e1012-107759<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3B<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721525-107759<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3A<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=SL51721523-107759<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65878427&amp;loc=d3e957-107759<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64827811&amp;loc=d3e1361-107760<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1278-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 5<br> -Subparagraph (SAB Topic 5.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355146-122828<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1278-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1377-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NonoperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>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.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockDividendsIncomeStatementImpact">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockDividendsIncomeStatementImpact</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=96868048&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=84234705&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=84161450&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_QuarterlyFinancialInformationDisclosureAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_QuarterlyFinancialInformationDisclosureAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate revenue from real estate operations during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateRevenueNet</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1505-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding. Weighted average relates to the portion of time within a reporting period that common shares have been issued and outstanding to the total time in that period. Such concept is used in determining the weighted average number of shares outstanding for purposes of calculating earnings per share (basic).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e1448-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -URI http://asc.fasb.org/extlink&amp;oid=96947427&amp;loc=d3e2646-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesIssuedBasic</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6956932304">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>COMMITMENTS, CONTINGENCIES, AND LIQUIDITY (Details Narrative) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jul. 20, 2015</div></th>
<th class="th"><div>Oct. 31, 2011</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Jan. 31, 2012</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationStatusAxis=us-gaap_JudicialRulingMember', window );">Dynex Capital, Inc.Litigation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyDamagesSoughtValue', window );">Damages sought value</a></td>
<td class="nump">$ 160,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyNameOfPlaintiff', window );">Description of plaintiff</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Basic Capital Management, Inc., American Realty Trust,
Inc., Transcontinental Realty Investors, Inc., Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc.</p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyNameOfDefendant', window );">Description of defendant</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dynex Commercial, Inc.</p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyDomicileOfLitigation', window );">Domicile of litigation</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> 68th Judicial District Court in Dallas
County, Texas</p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyActionsTakenByCourtArbitratorOrMediator', window );">Description of action taken by court</a></td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The
Final Judgment entered against Dynex Commercial, Inc. on July 20, 2015 awarded Basic $0.256 million in damages, plus pre-judgment
interest of $0.192 million for a total amount of $0.448 million. The Judgment awarded ART $14.2 million in damages, plus pre-judgment
interest of $10.6 million for a total amount of $24.8 million. The Judgment awarded TCI $11.1 million, plus pre-judgment interest
of $8.4 million for a total amount of $19.5 million. The Judgment also awarded Basic, ART, and TCI post-judgment interest at the
rate of 5% per annum from April 25, 2014 until the date their respective damages are paid. Lastly, the Judgement awarded Basic,
ART, and TCI $1.6 million collectively in attorneys&#8217; fees from Dynex Commercial, Inc.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_UnfundedLoanCommitment', window );">Unfunded loan commitment</a></td>
<td class="nump">$ 160,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AwardedAttorneyFees', window );">Awarded attorney fees</a></td>
<td class="nump">$ 1,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PostjudgmentInterestRate', window );">Post-judgment interest rate</a></td>
<td class="nump">5.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationStatusAxis=us-gaap_JudicialRulingMember', window );">Dynex Capital, Inc.Litigation [Member] | Southern Properties Capital LTD [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyDamagesAwardedValue', window );">Damages - awarded amount</a></td>
<td class="nump">$ 11,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DamagesPrejudgementInterest', window );">Damages - pre-judgement interest</a></td>
<td class="nump">8,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DamagesTotal', window );">Damages - total</a></td>
<td class="nump">19,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationStatusAxis=us-gaap_JudicialRulingMember', window );">Dynex Capital, Inc.Litigation [Member] | American Reality Trust, Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyDamagesAwardedValue', window );">Damages - awarded amount</a></td>
<td class="nump">14,200<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DamagesPrejudgementInterest', window );">Damages - pre-judgement interest</a></td>
<td class="nump">10,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DamagesTotal', window );">Damages - total</a></td>
<td class="nump">24,800<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationStatusAxis=us-gaap_JudicialRulingMember', window );">Dynex Capital, Inc.Litigation [Member] | Basic Capital Management, Inc. [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyDamagesAwardedValue', window );">Damages - awarded amount</a></td>
<td class="nump">256<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DamagesPrejudgementInterest', window );">Damages - pre-judgement interest</a></td>
<td class="nump">192<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_DamagesTotal', window );">Damages - total</a></td>
<td class="nump">$ 448<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LitigationCaseAxis=arl_ClapperPartiesMember', window );">ART and ART Midwest, Inc. Litigation [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyDamagesSoughtValue', window );">Damages sought value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 74,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_LossContingencyActualDamagesSoughtValue', window );">Actual damages sought value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">26,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_LossContingencyDamagesSoughtInterestValue', window );">Interest damages sought value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 48,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyNameOfPlaintiff', window );">Description of plaintiff</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. David Clapper and entities related to Mr. Clapper (collectively, the &#8220;Clapper Parties&#8221;)</p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyNameOfDefendant', window );">Description of defendant</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">A
formerly owned entity (American Realty Trust, Inc.) and its former subsidiary (ART Midwest, Inc.)</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LossContingencyAllegations', window );">Description of allegation</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">The matter originally involved a transaction in 1998 in which ART Midwest,
Inc. was to acquire eight residential apartment complexes from the Clapper Parties.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivableWithImputedInterestFaceAmount', window );">Notes receivable from the sale of ART</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 10,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsByNatureAxis=arl_FinancialGuarantee1Member', window );">UHF Debt Guarantee [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GuaranteeObligationsMaximumExposure', window );">Loan guarantee amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 39,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of attorneys' fees awarded to the plaintiff in the legal matter.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of pre-judgment interest awarded to the plaintiff in the legal matter.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DamagesPrejudgementInterest</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of damages awarded to the plaintiff in the legal matter, including interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_DamagesTotal</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The actual value (monetary amount) of the award the plaintiff seeks in the legal matter.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_LossContingencyActualDamagesSoughtValue</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_LossContingencyDamagesSoughtInterestValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The interest value (monetary amount) of the award the plaintiff seeks in the legal matter.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_LossContingencyDamagesSoughtInterestValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PostjudgmentInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Post-judgement interest rate for awards, under the final judgement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PostjudgmentInterestRate</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_UnfundedLoanCommitment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The contractual amount of off-balance sheet lending-related financial instruments (e.g., commitments and guarantees), which represents the maximum possible credit risk should the counterparty draw upon the commitment or the entity be required to fulfill its obligation under the guarantee, and the counterparty subsequently fail to perform according to the terms of the contract.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_UnfundedLoanCommitment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuaranteeObligationsMaximumExposure">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 460<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (b)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=82913245&amp;loc=d3e12069-110248<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GuaranteeObligationsMaximumExposure</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyActionsTakenByCourtArbitratorOrMediator">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Describes important rulings or decisions made by the judge, arbitrator or mediator in the legal matter that could impact the outcome of the case.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyActionsTakenByCourtArbitratorOrMediator</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyAllegations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Presents an assertion of a fact by a plaintiff in a pleading or complaint, which the plaintiff claims it will prove upon presentation of evidence at the proceeding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyAllegations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyDamagesAwardedValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of damages awarded to the plaintiff in the legal matter.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyDamagesAwardedValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyDamagesSoughtValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The value (monetary amount) of the award the plaintiff seeks in the legal matter.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyDamagesSoughtValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyDomicileOfLitigation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Identifies the domicile or jurisdiction of the court of law, arbitration or mediation proceeding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyDomicileOfLitigation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyNameOfDefendant">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Identifies the named defendant in a lawsuit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyNameOfDefendant</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LossContingencyNameOfPlaintiff">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Identifies the plaintiff in the lawsuit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14435-108349<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14557-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=82911808&amp;loc=d3e14326-108349<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LossContingencyNameOfPlaintiff</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivableWithImputedInterestFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The principal amount of the receivable or note before consideration of the discount or premium.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivableWithImputedInterestFaceAmount</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LitigationStatusAxis=us-gaap_JudicialRulingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LitigationStatusAxis=us-gaap_JudicialRulingMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvestee4Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_EquityMethodInvestee4Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=arl_BasicEntityMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=arl_BasicEntityMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LitigationCaseAxis=arl_ClapperPartiesMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LitigationCaseAxis=arl_ClapperPartiesMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GuaranteeObligationsByNatureAxis=arl_FinancialGuarantee1Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_GuaranteeObligationsByNatureAxis=arl_FinancialGuarantee1Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6841418352">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>EARNINGS PER SHARE (Details Narrative) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Apr. 09, 2015</div></th>
<th class="th"><div>Jul. 17, 2014</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SharesHeldBySubsidiaries', window );">Shares held by subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,000,614<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber', window );">Stock options outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_ConvertiblePreferredStockMember', window );">Series A Cumulative Convertible Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SharesHeldBySubsidiaries', window );">Shares held by subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">900,000<span></span>
</td>
<td class="nump">900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PercentageOfAverageDailyClosingPriceOfCommonStock', window );">Percentage of the average daily closing price of common stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">90.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockDividendRatePercentage', window );">Preferred stock, dividend rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NumberOfTradingDays', window );">Number of trading days</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">20 days<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_ConvertiblePreferredStockMember', window );">Series A Cumulative Convertible Preferred Stock [Member] | RAI [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SharesHeldBySubsidiaries', window );">Shares held by subsidiaries</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,451,435<span></span>
</td>
<td class="nump">1,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPayableCurrentAndNoncurrent', window );">Accrued dividends unpaid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 15,100<span></span>
</td>
<td class="nump">$ 9,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_NumberOfPreferredStockConverted', window );">Number of preferred stock converted</a></td>
<td class="nump">460,638<span></span>
</td>
<td class="nump">890,797<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_AccumulatedDividendsUnpaidUponConversion', window );">Accumulated dividends unpaid upon conversion</a></td>
<td class="nump">$ 2,300<span></span>
</td>
<td class="nump">$ 6,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities', window );">Number of common stock issued for conversion</a></td>
<td class="nump">1,486,741<span></span>
</td>
<td class="nump">2,502,230<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=arl_SeriesKPreferredStockMember', window );">Series K Cumulative Preferred Stock [Member] | Southern Properties Capital LTD [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_PreferredStockHeldBySubsidiary', window );">Preferred stock held by subsidiary</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">135,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_AccumulatedDividendsUnpaidUponConversion">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Refers to accumulated dividend unpaid upon conversion.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_AccumulatedDividendsUnpaidUponConversion</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NumberOfPreferredStockConverted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of preferred stock converted during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NumberOfPreferredStockConverted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_NumberOfTradingDays">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of trading days in computing common stock price upon conversion od convertible preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_NumberOfTradingDays</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PercentageOfAverageDailyClosingPriceOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of the average daily closing price of common stock computed upon conversion of convertible preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PercentageOfAverageDailyClosingPriceOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_PreferredStockHeldBySubsidiary">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a preferred stock held by subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_PreferredStockHeldBySubsidiary</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_SharesHeldBySubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The number of shares held by subidiaries.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_SharesHeldBySubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPayableCurrentAndNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(15)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPayableCurrentAndNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockDividendRatePercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage rate used to calculate dividend payments on preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockDividendRatePercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of options outstanding, including both vested and non-vested options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(1)(i)-(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=96867065&amp;loc=d3e5070-113901<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares issued during the period as a result of the conversion of convertible securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-30)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21463-112644<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84159872&amp;loc=d3e21475-112644<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_ConvertiblePreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_ConvertiblePreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RAIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=arl_RAIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=arl_SeriesKPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=arl_SeriesKPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>81
<FILENAME>R70.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6866322000">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>SUBSEQUENT EVENTS (Details Narrative) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th"><div>Mar. 31, 2018</div></th>
<th class="th"><div>Feb. 15, 2018</div></th>
<th class="th"><div>Dec. 31, 2017</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debentures offering amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 78,900<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7.38%<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Ownership interest</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20.00%<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent Event [Member] | Joint Venture [Member] | Chief Executive Officer [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Ownership interest</a></td>
<td class="nump">2.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent Event [Member] | Joint Venture [Member] | Macquire [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Ownership interest</a></td>
<td class="nump">49.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_VotingInterestInJointVenture', window );">Voting interest in joint venture</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent Event [Member] | Joint Venture [Member] | Southern Properties Capital LTD [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentOwnershipPercentage', window );">Ownership interest</a></td>
<td class="nump">49.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_VotingInterestInJointVenture', window );">Voting interest in joint venture</a></td>
<td class="nump">50.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent Event [Member] | Nonconvertible Series A Bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debentures offering amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 39,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredFinanceCostsNet', window );">Bond issuance cost</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 41,400<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentInterestRateStatedPercentage', window );">Interest rate</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6.80%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember', window );">Subsequent Event [Member] | Series B Bonds [Member] | Israel Shekel [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Debentures offering amount</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 137,700<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_VotingInterestInJointVenture">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of voting interest of common stock or equity participation in the investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_VotingInterestInJointVenture</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Face (par) amount of debt instrument at time of issuance.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64930739&amp;loc=d3e28878-108400<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28551-108399<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentFaceAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentInterestRateStatedPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Contractual interest rate for funds borrowed, under the debt agreement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentInterestRateStatedPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredFinanceCostsNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64930785&amp;loc=d3e28555-108399<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredFinanceCostsNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestmentOwnershipPercentage">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (a)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestmentOwnershipPercentage</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_JointVentureMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=arl_JointVentureMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_ChiefExecutiveOfficerMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_ChiefExecutiveOfficerMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LegalEntityAxis=arl_MacquireMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=arl_MacquireMember</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidatedEntitiesAxis=us-gaap_SubsidiariesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=arl_NonconvertibleDebenturesAMember</td>
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<td style="white-space:nowrap;">us-gaap_DebtInstrumentAxis=arl_SeriesBBondsMember</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>82
<FILENAME>R71.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6997228816">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,165,662<span></span>
</td>
<td class="nump">$ 1,066,603<span></span>
</td>
<td class="nump">$ 1,003,545<span></span>
</td>
<td class="nump">$ 831,540<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">177,546<span></span>
</td>
<td class="nump">$ 165,597<span></span>
</td>
<td class="nump">$ 150,038<span></span>
</td>
<td class="nump">$ 131,777<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">909,195<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">188,561<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">832,441<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">147,834<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(51,409)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">188,905<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">928,866<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,117,427<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">177,546<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">566,577<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">60,740<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">672,014<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">4,047<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(3,180)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">60,740<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">672,881<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">733,621<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">113,896<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Anderson Estates, Oxford [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">378<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">2,683<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">313<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">378<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">2,996<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">3,374<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 799<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Blue Lake Villas I, Waxahachie [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 10,448<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">438<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">10,525<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">19<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">438<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">10,271<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">10,709<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,801<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">2-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Blue Lake Villas II, Waxahachie [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 3,769<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">287<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">4,496<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">287<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">4,496<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">4,783<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,139<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Breakwater Bay, Beaumont [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 9,112<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">740<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">10,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">740<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">10,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">11,238<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,390<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">3-May<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Bridgewood Ranch, Kaufman [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 6,233<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">762<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">6,913<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">762<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">6,913<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">7,675<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,730<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2007<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">8-Apr<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Capitol Hill, Little Rock [Member] | ARGENTINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 8,740<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,860<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">8,002<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,860<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">8,002<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">9,862<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 2,713<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">3-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Centennial, Oak Ridge [Member] | TUNISIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 20,518<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">2,570<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">22,589<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">2,570<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">22,589<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">25,159<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,365<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-July<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Crossing at Opelika, Opelika, AL [Member] | ALBANIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 1,399<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,606<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">14,451<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,606<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">14,451<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">16,057<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 628<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Curtis Moore Estates, Greenwood [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 14,498<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">186<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">5,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">702<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">186<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">6,678<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">6,864<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,939<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Dakota Arms, Lubbock [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 12,194<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">921<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">12,834<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">168<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">921<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">13,002<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">13,923<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 4,195<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | David Jordan Phase II, Greenwood [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 551<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">51<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">1,591<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">225<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">51<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">1,816<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,867<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 506<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">1999<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | David Jordan Phase III, Greenwood [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 556<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">83<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">2,179<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">356<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">83<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">2,535<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">2,618<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 649<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Desoto Ranch, DeSoto [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 14,877<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,349<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">16,838<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">11<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,349<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">16,849<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">18,198<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 5,843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2002<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">2-May<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Falcon Lakeslington [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 13,352<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,318<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">14,461<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">27<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,318<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">14,488<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">15,806<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 5,570<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2001<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">1-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Heather Creek, Mesquite [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 10,976<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,326<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">12,157<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">18<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,326<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">12,157<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">13,501<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,934<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">3-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Holland Lake, Weatherford [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 11,510<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,450<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">14,955<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,450<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">14,955<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">16,405<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 976<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-May<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Lake Forest, Houston [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 11,808<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">335<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">14,221<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">335<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">14,221<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">14,556<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 4,282<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Legacy at Pleasant Grove, Texarkana [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 14,495<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">2,005<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">18,109<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">2,005<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">18,109<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">20,114<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,384<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Lofts at Reynolds Village, Asheville, NC [Member] | NORTH CAROLINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 28,230<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">3,704<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">33,340<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">3,704<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">33,340<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">37,044<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 208<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Lodge at Pecan Creek, Denton [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 15,959<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,349<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">16,180<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,349<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">16,180<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">17,529<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 2,494<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Mansions of Mansfield, Mansfield [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 15,084<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">977<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">17,843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">31<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">977<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">17,847<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">18,851<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,916<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2009<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Sep<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Metropolitan Apartments, North Little Rock, AR [Member] | ARGENTINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 25,233<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">3,323<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">29,857<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">3,323<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">29,857<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">33,180<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,109<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2010<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">16-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Mission Oaks, San Antonio [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 14,433<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,266<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">16,717<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">122<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,266<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">16,839<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">18,105<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 4,495<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2005<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-May<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Monticello Estate, Monticello [Member] | ARGENTINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 431<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">36<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">1,493<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">264<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">36<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">1,757<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,793<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 460<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2001<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Northside on Travis, Sherman [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 12,873<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">14,586<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">26<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,300<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">14,586<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">15,886<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,038<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2009<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">7-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Oak Hollow, Sequin [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 11,680<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,435<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">12,403<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,435<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">12,403<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">13,838<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 775<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-July<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Oceanaire Apartments, Biloxi, MS [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 10,791<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,384<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">12,575<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,384<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">12,575<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">13,959<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 318<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2009<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">16-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Overlook at Allensville, Sevierville [Member] | TUNISIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 12,079<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,228<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">12,297<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,228<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">12,297<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">13,525<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 881<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2012<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Parc at Clarksville, Clarksville [Member] | TUNISIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 12,441<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">571<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">14,360<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">59<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">571<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">14,419<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">14,990<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,385<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2007<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">2-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Parc at Denham Springs, Denham Springs [Member] | LOUISIANA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 18,249<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">20,188<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,022<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">20,288<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">21,310<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,517<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">7-Jul<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Parc at Maumelle, Little Rock [Member] | ARGENTINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 15,438<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,048<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">18,464<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,048<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">18,464<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">19,512<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 5,248<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Parc at Metro Center, Nashville [Member] | TUNISIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 10,148<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">947<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">12,601<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">182<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">947<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">12,783<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">13,730<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,672<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-May<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Parc at Rogers, Rogers [Member] | ARGENTINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 20,004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,482<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">13,176<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">266<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(3,180)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,482<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">20,262<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">21,744<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 4,836<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2007<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Apr<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Preserve at Pecan Creek, Denton [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 14,006<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">885<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">16,668<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">885<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">16,685<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">17,570<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,893<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2008<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Preserve at Prairie Pointe, Lubbock [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 9,928<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,074<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">10,782<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,074<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">10,782<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">11,856<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 748<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2005<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Apr<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Riverwalk Phase I, Greenville [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 272<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">23<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">1,543<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">175<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">23<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">1,718<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,741<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 504<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Riverwalk Phase II, Greenville [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 1,053<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">52<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">4,051<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">364<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">52<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">4,415<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">4,467<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,572<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Sawgrass Creek [Member] | FLORIDA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 784<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">7,056<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">784<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">7,056<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">7,840<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 249<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2008<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">16- Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Sonoma Court, Rockwall [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 10,456<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">941<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">11,136<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">941<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">11,136<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">12,077<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,799<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">10-July<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Sugar Mill, Baton Rouge [Member] | LOUISIANA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 11,031<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,437<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">13,437<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">135<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,437<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">13,572<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">15,009<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 2,838<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2009<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">8-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Tattersall Village, Hinesville, GA [Member] | GABON</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 20,025<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">2,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">23,767<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">2,670<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">23,767<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">26,437<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 594<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2010<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">16-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Toulon, Gautier [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 20,104<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,621<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">20,107<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">372<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,621<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">20,479<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">22,100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 3,267<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">9-Sep<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Tradewinds, Midland [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 13,882<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">3,313<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">20,073<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">3,313<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">20,073<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">23,386<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2015<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Villager, Ft. Walton [Member] | FLORIDA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 713<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">141<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">1,267<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">141<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">1,267<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,408<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 84<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">1972<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Villas at Park West I, Pueblo [Member] | COLOMBIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 10,250<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,171<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">10,453<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,171<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">10,453<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">11,624<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 806<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2005<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Villas at Park West II, Pueblo [Member] | COLOMBIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 9,278<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,463<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">13,060<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,463<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">13,060<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">14,523<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,007<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2010<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Vista Ridge, Tupelo [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 10,530<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,339<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">13,398<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,339<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">13,398<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">14,737<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,197<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2009<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Vistas of Vance Jackson, San Antonio [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 14,834<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,265<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">16,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">121<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,265<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">16,881<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">18,146<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 5,159<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2004<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Waterford, Roseberg [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 16,940<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">2,341<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">20,926<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">2,341<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">20,926<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">23,267<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,305<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2013<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Westwood, Mary Ester [Member] | FLORIDA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 3,938<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">693<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">6,650<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">693<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">6,650<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">7,343<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 430<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">1972<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Properties Held for Investment Apartments [Member] | Windsong, Fort Worth [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 10,459<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">790<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">11,595<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">790<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">11,595<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">12,385<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 4,019<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">2002<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">3-Jul<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 68,470<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">19,555<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">85,236<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">19,555<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">85,236<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">104,791<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Abode Red Rock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">22,945<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">6,038<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">28,095<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">6,038<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">28,095<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 34,133<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Forest Pines [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 5,040<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">269<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">5,040<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">269<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 5,309<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Lakeside Lofts, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 1<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">5,079<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">5,079<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 5,079<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | McKinney Point [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">$ 137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Parc at Bentonville [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">$ 85<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">85<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 85<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Parc at Garland [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">$ 81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Parc at Wylie [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">$ 195<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">195<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 195<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Oak Hollow II [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 5,475<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,046<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">4,622<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,046<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">4,622<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 5,668<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">7-Apr<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Overlook at Allensville Square II, Seigerville [Member] | TUNISIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">530<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">530<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 2,373<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Nov<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Sawgrass II [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 1,007<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">3,772<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">3,772<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 3,772<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">17-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Terra Lago, Rowlett [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 39,042<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">5,588<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">42,137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">5,588<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">42,137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 47,725<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-Nov<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Apalache Point [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">$ 149<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">149<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">149<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Eagle Crossing [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Apartments Under Construction [Member] | Sugar Mill II [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">126,579<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">17,545<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">159,767<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">38,384<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(14,900)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">17,545<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">183,251<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">200,796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">63,646<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member] | 600 Las Colinass Colinas [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">38,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">5,751<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">53,972<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">16,360<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">5,751<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">70,332<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">76,083<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 26,899<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">1984<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member] | 770 South Post Oak, Houston [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 12,600<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,763<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">15,839<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">264<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,763<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">16,103<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">17,866<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 1,122<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">1970<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">15-July<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member] | Bridgeview Plaza, LaCrosse [Member] | WISCONSIN</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 4,906<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">658<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">476<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">1,134<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,134<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 617<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">1979<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">3-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member] | Browning Place (Park West I), Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 42,473<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">5,096<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">47,711<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">13,728<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">5,096<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">61,439<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">66,535<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 23,746<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">1984<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Apr<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member] | Mahogany Run Golf Course [Member] | VIRGIN ISLANDS, US</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 418<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">6,037<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">147<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(5,300)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">418<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">884<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,302<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 502<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2', window );">Date of Construction</a></td>
<td class="text">1981<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-Nov<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member] | Fruitland Plaza, Fruitland Park [Member] | FLORIDA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">16<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">67<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">17<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">83<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">100<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 54<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">May-92<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member] | Senlac VHP, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 622<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">58<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">85<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">622<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">143<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">765<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 139<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Commercial Held for Investment [Member] | Stanford Center, Dallas [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 28,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">3,878<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">35,476<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">7,257<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(9,600)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">3,878<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">33,133<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">37,011<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 10,567<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">8-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod', window );">Life on Which Depreciation In Latest Statement of Operation is Computed</a></td>
<td class="text">40 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 27,783<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">90,721<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">20,167<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(33,329)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">91,065<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(13,162)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">77,559<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Audubon, Adams County [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">519<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">296<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">519<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">296<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 815<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">7-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Bonneau Land, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,309<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,309<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,309<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Cooks Lane, Fort Worth [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 157<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,094<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,094<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,094<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Dedeaux, Gulfport [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,612<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">46<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(38)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,612<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">8<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,620<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Denham Springs, Denham Springs [Member] | LOUISIANA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 61<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">714<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">714<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 714<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">8-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Gautier Land, Gautier [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">Jul-98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Lake Shore Villas, Humble [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">3<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 84<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">2-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Lubbock Land, Lubbock [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 234<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">234<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 234<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Nakash, Malden [Member] | MACAU</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 103<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">103<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 103<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">Jan-93<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Nashville, Nashville [Member] | TUNISIA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 278<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">59<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">278<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">59<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 337<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">2-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Ocean Estates, Gulfport [Member] | MONTSERRAT</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,418<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">390<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,418<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">390<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,808<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">7-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Texas Plaza Land, Irving [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,738<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(238)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,738<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(238)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Dec<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Union Pacific Railroad Land, Dallas [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 130<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">130<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 130<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Willowick Land, Pensacola [Member] | FLORIDA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 137<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">Jan-95<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Windmill Farms Land, Kaufman County [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 14,922<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">48,927<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">14,210<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(20,376)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">48,927<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(6,166)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 42,761<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">11-Nov<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | 2427 Valley View Ln, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 76<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">76<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 76<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">12-July<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Hollywood Casino Land Tract II, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 3,192<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">1,346<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">3,192<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">1,346<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 4,538<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">8-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Lacy Longhorn Land, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,169<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(760)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,169<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(760)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 409<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">4-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Minivest Land, Dallas [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 7<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">13-Apr<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Mira Lago, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">15<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 68<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">1-May<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Nicholson Croslin, Dallas [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 184<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(118)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">184<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(118)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 66<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">Oct-98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Nicholson Mendoza, Dallas [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(51)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(51)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 29<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">Oct-98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Senlac Land Tract II, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 656<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">656<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 656<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Valley View 34 (Mercer Crossing), Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,173<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(945)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,173<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(945)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 228<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">8-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Dominion Mercer, Farmers Branch, TX [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 11,125<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">4,040<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">2,998<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">4,040<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">2,998<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 7,038<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">16-Oct<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Mandahl Bay Land [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 667<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">667<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 667<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Jan<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | McKinney 36, Collin County [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 1,211<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">456<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">161<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(19)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">456<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">142<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 598<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">Jan-98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Travis Ranch Land, Kaufman County [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 307<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 80<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">8-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Travis Ranch Retail, Kaufman City [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,517<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,517<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,517<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">8-Aug<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | GNB Land ARI 8/06 L2870 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,010<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,010<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,010<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | GNB Land Edina 6/07 L2875 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">7,955<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(6,023)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">7,955<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(6,023)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,932<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | GNB Land Edina B1530 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">5,135<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">32<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(3,692)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">5,135<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(3,660)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,475<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Manhattan Land, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">344<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">611<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">611<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">267<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Land Held for Investment [Member] | Meloy/Portage Land, Kent OH [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">5,119<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(1,069)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">5,119<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="num">(1,069)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">4,050<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Corporate Departments/Investments/Misc [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">119,786<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">660<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">660<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">660<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember', window );">Properties Held for Investment/Corporate Debt [Member] | Corporate Departments/Investments/Misc [Member] | TCI - Corporate [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">119,786<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">660<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">660<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">660<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">1,499<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">61,149<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">820<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(13,734)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">48,235<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">48,235<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">1,499<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">61,149<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">820<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(13,734)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">48,235<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">48,235<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | Dominion Tract, Dallas [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">1,079<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">2,083<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">53<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(133)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">2,003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 2,003<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">Mar-99<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | Hollywood Casino Tract I, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 420<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">1,608<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">125<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(110)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,623<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,623<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 2,327<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">2-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | LaDue Land, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,845<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,845<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,845<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">Jul-98<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | Three Hickory Land, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 1,202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,202<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | Travelers Land, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 21,511<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">4<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">21,515<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 21,515<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Nov<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | Travelers Land, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 6,891<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(4,978)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,913<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,913<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Nov<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | Valwood Land, Farmers Branch [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 3,332<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">3,332<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 3,332<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">14-Mar<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | Walker Land, Dallas County [Member] | TEXAS</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 19,167<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">70<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(6,062)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">13,175<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 13,175<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">6-Sep<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesSubjecttoSalesContractApartmentsMember', window );">Properties Subject to Sales Contract [Member] | Land Subject to Sales Contract [Member] | Whorton Land Bentonville [Member] | ARGENTINA</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">$ 3,510<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">568<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(2,451)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">1,627<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">$ 1,627<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired', window );">Date Acquired</a></td>
<td class="text">5-Jun<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_LandSoldMember', window );">Land Sold [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances', window );">Encumbrances</a></td>
<td class="nump">$ 910,694<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand', window );">Initial Cost Land</a></td>
<td class="nump">249,710<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements', window );">Initial Cost Building &amp;Improvements</a></td>
<td class="nump">832,441<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements', window );">Cost Capitalized Subsequent to Acquisition Improvements</a></td>
<td class="nump">148,654<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges', window );">Asset Impairment</a></td>
<td class="num">(65,143)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand', window );">Gross Amounts of Which Carried at End of Year Land</a></td>
<td class="nump">237,140<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements', window );">Gross Amounts of Which Carried at End of Year Building &amp;Improvements</a></td>
<td class="nump">928,866<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Gross Amounts of Which Carried at End of Year Total</a></td>
<td class="nump">1,165,662<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Accumulated Depreciation</a></td>
<td class="nump">$ 177,546<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents s a real estate and accumulated depreciation asset impairment charges.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateAndAccumulatedDepreciationAssetImpairmentCharges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RealEstateAndAccumulatedDepreciationDateAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a real estate and accumulated depreciation date acquired.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateAndAccumulatedDepreciationDateAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a real estate and accumulated depreciation date of construction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateAndAccumulatedDepreciationDateOfConstruction2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The duration period applicable to the life on Which Depreciation In Latest Statement of Operation is Computed.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpensePeriod</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:durationItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.FN4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of lien or mortgage outstanding on real estate investment properties for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationAmountOfEncumbrances</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before accumulated depreciation of buildings and improvements for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of land for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationCarryingAmountOfLand</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of land and buildings and improvements made to real estate investments and capitalized after acquisition for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial cost of buildings and improvements for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Initial cost of land for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationInitialCostOfLand</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateGrossAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before accumulated depreciation, of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateGrossAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_MortgageLoansOnRealEstateDescriptionTypeOfPropertyCategoryAxis=arl_PropertiesHeldforInvestmentCorporateDebtMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=arl_PropertiesHeldforInvestmentApartmentsMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=arl_PropertiesHeldforInvestmentApartmentsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_AndersonEstatesOxfordMSMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=stpr_MS">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=stpr_MS</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BlueLakeVillasIWaxahachieTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BlueLakeVillasIWaxahachieTXMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td></td>
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<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=stpr_TX">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=stpr_TX</td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BlueLakeVillasIIWaxahachieTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BlueLakeVillasIIWaxahachieTXMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BreakwaterBayBeaumontTXMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BridgewoodRanchKaufmanTXMember</td>
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<td><strong> Data Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_CapitolHillLittleRockARMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=stpr_AR</td>
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<td><strong> Data Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_CentennialOakRidgeTNMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=stpr_TN</td>
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<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_CrossingatOpelikaOpelikaALMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_AL</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_CurtisMooreEstatesGreenwoodMSMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_MS</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DakotaArmsLubbockTXMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DavidJordanPhaseIIGreenwoodMSMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DavidJordanPhaseIIIGreenwoodMSMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DesotoRanchDeSotoTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_FalconLakesArlingtonTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_HeatherCreekMesquiteTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_HollandLakeWeatherfordTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LakeForestHoustonTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LegacyatPleasantGroveTexarkanaTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MansionsofMansfieldMansfieldTXMember</td>
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<td><strong> Data Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MissionOaksSanAntonioTXMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MonticelloEstateMonticelloARMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_AR</td>
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<td><strong> Data Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NorthsideonTravisShermanTXMember</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_OakHollowSequinTXMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_OceanaireApartmentsBiloxiMSMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ParcatClarksvilleClarksvilleTNMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ParcatDenhamSpringsDenhamSpringsLAMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=stpr_LA</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ParcatMaumelleLittleRockARMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ParcatMetroCenterNashvilleTNMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ParcatRogersRogersARMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_PreserveatPecanCreekDentonTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_PreserveatPrairiePointeLubbockTXMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_RiverwalkPhaseIGreenvilleMSMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_RiverwalkPhaseIIGreenvilleMSMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SawgrassCreekMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=stpr_FL</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SonomaCourtRockwallTXMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SugarMillBatonRougeLAMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TattersallVillageHinesvilleGAMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_GA</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ToulonGautierMSMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TradewindsMidlandTXMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_VillagerFt.WaltonFLMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_VillasatParkWestIPuebloCOMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_CO</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_VillasatParkWestIIPuebloCOMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_VillasatParkWestIIPuebloCOMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_VistaRidgeTupeloMSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_VistasofVanceJacksonSanAntonioTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_WaterfordRosebergTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_WestwoodMaryEsterFLMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_WindsongFortWorthTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=arl_ApartmentsUnderConstructionMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_AbodeRedRockMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ForestPinesMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LakesideLoftsFarmersBranchTXMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=arl_TXMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_McKinneyPointMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ParcatBentonvilleMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ParcatGarlandMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ParcatWylieMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_OakHollowIIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_OverlookAtAllensvilleSquareIISeigervilleTNMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SawgrassIIMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TerraLagoRowlettTXMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ApalachePointMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_EagleCrossingMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_EagleCrossingMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SugarMillIIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SugarMillIIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=arl_CommercialHeldforInvestmentMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=arl_CommercialHeldforInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LasColinasLasColinasTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SouthPostOakHoustonTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BridgeviewPlazaLaCrosseWIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=stpr_WI</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BrowningPlaceParkWestIFarmersBranchTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BrowningPlaceParkWestIFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MahoganyRunGolfCourseUSVirginIslandsMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_VI</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_FruitlandPlazaFruitlandParkFLMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SenlacVHPFarmersBranchTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SenlacVHPFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_StanfordCenterDallasTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_StanfordCenterDallasTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis=arl_LandHeldforInvestmentMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_AudubonAdamsCountyMSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_AudubonAdamsCountyMSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BonneauLandFarmersBranchTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_BonneauLandFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_CooksLaneFortWorthTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_CooksLaneFortWorthTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DedeauxGulfportMSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DedeauxGulfportMSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DenhamSpringsDenhamSpringsLAMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DenhamSpringsDenhamSpringsLAMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_GautierLandGautierMSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_GautierLandGautierMSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LakeShoreVillasHumbleTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LakeShoreVillasHumbleTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LubbockLandLubbockTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LubbockLandLubbockTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NakashMaldenMOMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NakashMaldenMOMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementGeographicalAxis=country_MO">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementGeographicalAxis=country_MO</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NashvilleNashvilleTNMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NashvilleNashvilleTNMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_OceanEstatesGulfportMSMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_OceanEstatesGulfportMSMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TexasPlazaLandIrvingTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TexasPlazaLandIrvingTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_UnionPacificRailroadLandDallasTXMember">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_UnionPacificRailroadLandDallasTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_WillowickLandPensacolaFLMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_WillowickLandPensacolaFLMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_WindmillFarmsLandKaufmanCountyTXMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ValleyViewLnFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_HollywoodCasinoLandTractIIFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LacyLonghornLandFarmersBranchTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_LacyLonghornLandFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MinivestLandDallasTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MinivestLandDallasTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MiraLagoFarmersBranchTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MiraLagoFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NicholsonCroslinDallasTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NicholsonCroslinDallasTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NicholsonMendozaDallasTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_NicholsonMendozaDallasTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SenlacLandTractIIFarmersBranchTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_SenlacLandTractIIFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_ValleyView34MercerCrossingFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DominionMercerFarmersBranchTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_DominionMercerFarmersBranchTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MandahlBayLandMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_MandahlBayLandMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_McKinney36CollinCountyTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_McKinney36CollinCountyTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TravisRanchLandKaufmanCountyTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TravisRanchLandKaufmanCountyTXMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TravisRanchRetailKaufmanCityTXMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_TravisRanchRetailKaufmanCityTXMember</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_GNBLandARI806L2870Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_GNBLandARI806L2870Member</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
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<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_GNBLandEdina607L2875Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_GNBLandEdina607L2875Member</td>
</tr>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis=arl_GNBLandEdinaB1530Member">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>83
<FILENAME>R72.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<head>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6843303376">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward', window );"><strong>Reconciliation of Real Estate</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Balance at at beginning</a></td>
<td class="nump">$ 1,066,603<span></span>
</td>
<td class="nump">$ 1,003,545<span></span>
</td>
<td class="nump">$ 831,540<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAdditionsAbstract', window );"><strong>Additions</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateOtherAcquisitions', window );">Acquisitions, improvements and construction</a></td>
<td class="nump">129,483<span></span>
</td>
<td class="nump">112,762<span></span>
</td>
<td class="nump">216,090<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateDeductionsAbstract', window );"><strong>Deductions</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateCostOfRealEstateSold', window );">Sale of real estate</a></td>
<td class="num">(30,424)<span></span>
</td>
<td class="num">(49,704)<span></span>
</td>
<td class="num">(38,785)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SECScheduleIIIRealEstateWritedownOrReserveAmount', window );">Asset impairments</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,300)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateGrossAtCarryingValue', window );">Balance at ending</a></td>
<td class="nump">1,165,662<span></span>
</td>
<td class="nump">1,066,603<span></span>
</td>
<td class="nump">1,003,545<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward', window );"><strong>Reconciliation of Accumulated Depreciation</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Balance at at beginning</a></td>
<td class="nump">165,597<span></span>
</td>
<td class="nump">150,038<span></span>
</td>
<td class="nump">131,777<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAccumulatedDepreciationAdditionsAbstract', window );"><strong>Additions</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense', window );">Depreciation</a></td>
<td class="nump">24,417<span></span>
</td>
<td class="nump">23,277<span></span>
</td>
<td class="nump">20,386<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_RealEstateAccumulatedDepreciationDeductionsAbstract', window );"><strong>Deductions</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciationRealEstateSold', window );">Sale of real estate</a></td>
<td class="num">(12,468)<span></span>
</td>
<td class="num">(7,718)<span></span>
</td>
<td class="num">(2,125)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RealEstateAccumulatedDepreciation', window );">Balance at ending</a></td>
<td class="nump">$ 177,546<span></span>
</td>
<td class="nump">$ 165,597<span></span>
</td>
<td class="nump">$ 150,038<span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_RealEstateDeductionsAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAccumulatedDepreciation">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.FN4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAccumulatedDepreciation</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateAccumulatedDepreciationRealEstateSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of decrease to accumulated depreciation for real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.FN4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateAccumulatedDepreciationRealEstateSold</td>
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<tr>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateCostOfRealEstateSold">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateCostOfRealEstateSold</td>
</tr>
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<td><strong> Balance Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateGrossAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, before accumulated depreciation, of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateGrossAtCarryingValue</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RealEstateOtherAcquisitions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase in real estate investments from acquisitions other than through foreclosure for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RealEstateOtherAcquisitions</td>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReconciliationOfCarryingAmountOfRealEstateInvestmentsRollForward</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReconciliationOfRealEstateAccumulatedDepreciationRollForward</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of depreciation expense of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.FN4)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SECScheduleIIIRealEstateWritedownOrReserveAmount">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of write-down or reserve recognized in the income statement on real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 970<br> -SubTopic 360<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-28.FN5)<br> -URI http://asc.fasb.org/extlink&amp;oid=6590653&amp;loc=d3e638233-123024<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule III)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_SECScheduleIIIRealEstateWritedownOrReserveAmount</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6865582016">
<tr>
<th class="tl" colspan="2" rowspan="2"><div style="width: 200px;"><strong>SCHEDULE IV MORTGAGE LOANS (Details) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
<th class="th"><div>Dec. 31, 2014</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 97,775<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestReceivable', window );">Accrued interest</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">7,249<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansAndLeasesReceivableAllowance', window );">Allowance for estimated losses</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="num">(15,770)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Total notes and interest receivable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 112,095<span></span>
</td>
<td class="nump">$ 126,564<span></span>
</td>
<td class="nump">$ 120,243<span></span>
</td>
<td class="nump">$ 152,645<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Christine Tunney [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 49<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 48<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Compton Partners [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 289<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 289<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | David Monier [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Earl Samson III [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Edward Samson III [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | H198, LLC [Member] | Las Vegas Land [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2020-01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 5,907<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 5,907<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Hammon Operating Corporation [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Harold Wolfe [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Herrick Partners [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 91<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 91<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Mary Anna MacLean [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Michael Monier [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 304<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 304<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Michale Witte [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Palmer Brown Madden [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Richard Schmaltz [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 203<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 203<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Robert Baylis [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Sherman Bull [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 193<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Echo Station) [Member] | 100% Interest in UH of Temple, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 9,719<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,809<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,481<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Inwood on the Park/UH of Inwood,LLC) [Member] | 100% Interest in UH of Inwood, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 22,227<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,462<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 5,059<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Kensington Park/UH of Kensington,LLC) [Member] | 100% Interest in UH of Kensington, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 18,723<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,310<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 3,933<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) (31.5% of cash flow) [Member] | Interest in Unified Housing Foundation Inc. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 15,756<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8,836<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 6,369<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) (31.5% of cash flow) [Member] | 100% Interest in HFS of Humble, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 15,965<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,959<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,732<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Limestone Ranch) [Member] | 100% Interest in UH of Vista Ridge, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 18,641<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,335<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 7,953<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Reserve at White Rock I) [Member] | 100% Interest in UH of Harvest Hill I, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 15,640<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,794<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,485<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Reserve at White Rock II) [Member] | 100% Interest in UH of Harvest Hill, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 14,026<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,843<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,555<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Timbers of Terrell) [Member] | 100% Interest in UH of Terrell, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 7,294<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,702<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,323<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Tivoli) [Member] | 100% Interest in UH of Tivoli, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 10,398<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12,761<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 7,966<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Trails at White Rock) [Member] | 100% Interest in UH of Harvest Hill III, LLC [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 21,712<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">4,245<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 3,815<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | William H. Ingram [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | William S. Urkiel [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 97<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Willingham Revocable Trust [Member] | Class A limited partnership interests in Edina Park Plaza Associates, L.P. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">10.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2017-09<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 96<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Various Related Party Notes [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,349<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,349<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember', window );">Mortgage Loans [Member] | Various Non-Related Party Notes [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">496<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 796<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Leman Development, Ltd. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">0.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 1,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 1,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | One Realco Corporation [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">3.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">2017-01<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text"><p><font style="font: 10pt Times New Roman, Times, Serif">Interest and principal due at maturity.</font></p>


</font><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 10,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 7,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Oulan-Chikh Family Trust [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">8.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2021-03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 174<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 174<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Realty Advisors Management, Inc. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2.28%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2016-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Interest only paid quarterly.</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 20,387<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 20,387<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. (Lakeshore Villas/HFS of Humble,LLC) (68.5% of cash flow) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2032-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1', window );">Prior Liens</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 15,965<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,189<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 2,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2018-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 3,994<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 3,994<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2018-12<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 6,407<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 6,407<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Unified Housing Foundation, Inc. [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateInterestRate', window );">Interest Rate</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">12.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1', window );">Final Maturity Date</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">2020-06<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 5,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 5,760<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Various Related Party Notes [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms', window );">Periodic Payment Terms</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"><p style="font-size: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Excess cash flow</font></p><span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 1,814<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">465<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_UnsecuredDebtMember', window );">Mortgage Loans [Member] | Various Non-Related Party Notes [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages', window );">Face Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">16,048<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages', window );">Carrying Amount of Mortgage</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 15,252<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="6"></td></tr>
<tr><td colspan="6"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Fully reserved</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_arl_MortgageLoanOnRealEstateFinalMaturityDate1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>It represents as a mortgage loan on real estate final maturity date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_MortgageLoanOnRealEstateFinalMaturityDate1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>arl_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearMonthItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LoansAndLeasesReceivableAllowance">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11B<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=84173941&amp;loc=SL6953423-111524<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11B<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=84173941&amp;loc=SL6953423-111524<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.7(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 4<br> -Subparagraph (SAB Topic 6.L.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74567-122707<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)(1)(ii)<br> -URI http://asc.fasb.org/extlink&amp;oid=82894903&amp;loc=d3e15032-111544<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LoansAndLeasesReceivableAllowance</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total carrying amount of mortgage loans as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount of the outstanding balance due under the mortgage loan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of the contractual principal due at the origination of the mortgage loan (face amount).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateFaceAmountOfMortgages</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateInterestRate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The stated interest rate on the mortgage loan receivable or the weighted average interest rate on a group of loans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateInterestRate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:percentItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Description of the contractual payment terms of the loan receivable including whether principal and interest is payable at a level or varying amount over the life of the loan, the amount of any balloon payment required at maturity, and any prepayment penalties.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.5)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstatePeriodicPaymentTerms</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstatePriorLiens1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of prior lien on the real estate that secures the mortgage loan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstatePriorLiens1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis=us-gaap_JuniorLoansMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_ChristineTunneyMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_ChristineTunneyMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_ClassAlimitedpartnershipinterestsinEdinaParkPlazaAssociatesLPMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_ComptonPartnersMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_ComptonPartnersMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_DavidMonierMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_DavidMonierMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_EarlSamsonIIIMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_EarlSamsonIIIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_EdwardSamsonIIIMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_H198LLCMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_LasVegasLandMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_HammonOperatingCorporationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_HaroldWolfeMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_HerrickPartnersMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_MaryAnnaMacLeanMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_MichaelMonierMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_MichaleWitteMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_MichaleWitteMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_PalmerBrownMaddenMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_RichardSchmaltzMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_RobertBaylisMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_ShermanBullMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncEchoStationMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncEchoStationMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofTempleLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofTempleLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncInwoodontheParkUHofInwoodLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofInwoodLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofInwoodLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncKensingtonParkUHofKensingtonLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofKensingtonLLCMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofKensingtonLLCMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncLakeshoreVillasHFSofHumbleLLCMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUnifiedHousingFoundationIncMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinHFSofHumbleLLCMember</td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncLimestoneRanchMember</td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofVistaRidgeLLCMember</td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncReserveatWhiteRockIMember</td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofHarvestHillILLCMember</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncReserveatWhiteRockIIMember</td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofHarvestHillLLCMember</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncTimbersofTerrellMember</td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofTerrellLLCMember</td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncTivoliMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofTivoliLLCMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationIncTrailsatWhiteRockMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateDescriptionLoanCategoryAxis=arl_InterestinUHofHarvestHillIIILLCMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_WilliamHIngramMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_WilliamSUrkielMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_WillinghamRevocableTrustMember</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<tr>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_VariousRelatedPartyNotesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</table></div>
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<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_VariousNonRelatedPartyNotesMember</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</strong></td>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationInc5Member</td>
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<td><strong> Name:</strong></td>
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<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=arl_UnifiedHousingFoundationInc1Member</td>
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<tr>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>85
<FILENAME>R74.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
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<span style="display: none;">v3.8.0.1</span><table class="report" border="0" cellspacing="2" id="idp6672870944">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>SCHEDULE IV MORTGAGE LOANS (Details 1) - USD ($)<br> $ in Thousands</strong></div></th>
<th class="th" colspan="3">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2017</div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MovementInMortgageLoansOnRealEstateRollForward', window );"><strong>Movement in Mortgage Loans on Real Estate [Roll Forward]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Balance at at beginning</a></td>
<td class="nump">$ 126,564<span></span>
</td>
<td class="nump">$ 120,243<span></span>
</td>
<td class="nump">$ 152,645<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateAdditionsAbstract', window );"><strong>Additions</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateNewMortgageLoans', window );">New mortgage loans</a></td>
<td class="nump">15,741<span></span>
</td>
<td class="nump">11,703<span></span>
</td>
<td class="nump">18,055<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease', window );">Increase (decrease) of interest receivable on mortgage loans</a></td>
<td class="nump">581<span></span>
</td>
<td class="nump">13,835<span></span>
</td>
<td class="nump">11,130<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_arl_MortgageLoansOnRealEstateDeductionsAbstract', window );"><strong>Deductions</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold', window );">Amounts received</a></td>
<td class="num">(32,058)<span></span>
</td>
<td class="num">(19,217)<span></span>
</td>
<td class="num">(16,486)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstateOtherDeductions', window );">Non-cash reductions</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(28,064)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MortgageLoansOnRealEstate', window );">Balance at ending</a></td>
<td class="nump">$ 112,095<span></span>
</td>
<td class="nump">$ 126,564<span></span>
</td>
<td class="nump">$ 120,243<span></span>
</td>
</tr>
</table>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_MortgageLoansOnRealEstateAdditionsAbstract</td>
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<td><strong> Period Type:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">arl_MortgageLoansOnRealEstateDeductionsAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total carrying amount of mortgage loans as of the balance sheet date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstate</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amount of mortgage loans on real estate that were sold during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateCostOfMortgagesSold</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateNewMortgageLoans">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total amount of new mortgage loans on real estate during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateNewMortgageLoans</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstateOtherDeductions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of reductions in principal on mortgage loans other than foreclosures, costs of mortgages sold, and amortization of premium during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstateOtherDeductions</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in mortgage loans on real estate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 310<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.12-29.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6589523&amp;loc=d3e617274-123014<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04.(c) Schedule IV)<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MortgageLoansOnRealEstatePeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MovementInMortgageLoansOnRealEstateRollForward">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MovementInMortgageLoansOnRealEstateRollForward</td>
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/**
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
